LONDON—Global shares were little changed on Wednesday, pausing after a six-day slump amid a mixed inflation picture, while supply concerns after Russia’s ongoing invasion of Ukraine helped push oil prices higher. U.S. stock futures pointed to a 0.5 percent-0.7 percent higher open on Wall Street. Hawkish moves from the world’s top central banks in response…
Euro Slips Versus Dollar as Treasury Yields Hit Multi-Year Highs
LONDON—The euro gave up post-French election gains on Tuesday and fell against the strengthening dollar, bolstered by high bond yields ahead of U.S. inflation data expected to reinforce bets on aggressive monetary tightening. The data for March, due at 1230 GMT, is expected to show the biggest monthly rise in consumer prices in 16-1/2 years,…
Oil Rises on OPEC Warning and Easing of Shanghai COVID-19 Curbs
LONDON—Oil prices climbed on Tuesday as Shanghai’s relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Brent crude futures rose by $3.26, or 3.31 percent, to $101.74 a barrel at 1002 GMT while U.S. West Texas Intermediate was up…
Euro Gains Respite From Macron’s French Election Lead
LONDON—The euro looked set to snap a seven-day losing streak versus the dollar on Monday, as the single currency rallied after French leader Emmanuel Macron beat right challenger Marine Le Pen in the country’s first round of presidential voting. Investor concerns about the future direction of the eurozone’s second-biggest economy have weighed on the euro…
US Yields Near 3-year High, Euro Stronger After French Election
LONDON—U.S. Treasury yields rose to multi-year highs on Monday, while the euro strengthened and the spread between French and German bond yields narrowed after French President Emmanuel Macron won a larger than expected vote share in Sunday’s election. With 97 percent of the votes counted for Sunday’s presidential election first round, Macron garnered 27.6 percent…
European Stocks Rebound, Dollar Index Hits 100
LONDON—European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S. bond yields hovered near multi-year highs. World stocks edged higher but were still on track for their first weekly loss in four…
Dollar Heads Towards 2-year High After Fed Aids Greenback Bulls
LONDON—The dollar was heading towards a two-year high against a basket of major currencies on Thursday after meeting minutes showed the Federal Reserve preparing to move aggressively to fight inflation, while commodity-linked currencies fell further. The euro remained near a one-month low below $1.09 as investors await European Central Bank minutes due later. Minutes from…
Oil Rises From 3-week Low as Supply Concerns Linger
LONDON—Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook. Brent crude futures climbed $1.05 or 1. percent, to $102.12 a barrel at 0921 GMT, while U.S. West Texas…
World Shares Track Wall Street Retreat on Interest Rate Worries
World shares were mixed Thursday after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation. Benchmarks rose in Paris and Frankfurt after declines in most Asian markets. U.S. futures fell while oil prices were higher. The Fed comments have added to investor unease over the war…
Gold Subdued as Robust Dollar Dims Appeal; Focus on Fed Minutes
Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low. Spot gold XAU= was 0.1 percent lower to $1,921.60 per ounce by 8 a.m. EDT (1200 GMT). U.S. gold futures GCv1 were down 0.2…
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