Tag: Markets

BOJ Kuroda Dismisses Near-Term Chance of Exiting Easy Policy

TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signaling an increasing focus on what comes after Kuroda’s tenure ends. Investors have continued to push up Japanese government bond (JGB) yields on expectations the BOJ will phase out…


Asian Shares Higher in Thin Holiday Trading

BANGKOK—Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities, and the U.S. closed. Tokyo’s Nikkei 225 index gained 0.7 percent to 26,405.87 and the Kospi in Seoul added 0.2 percent to 2,317.14. The Shanghai Composite index rose 0.7 percent to 3,065.56 and the SET in Bangkok added…


How Investors Should Approach a Volatile 2023

Commentary The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over. We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession.  This column isn’t going to predict where the S&P 500 will end…


Storm Cuts US Oil, Gas, Power Output, Sending Prices Higher

Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States, with cold and snow in some areas to…


Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 23)

Benchmark U.S. crude oil for February delivery rose $2.07 to $79.56 a barrel Friday. Brent crude for February delivery rose $2.94 to $83.92 a barrel. Wholesale gasoline for January delivery rose 13 cents to $2.38 a gallon. January heating oil rose 14 cents to $3.27 a gallon. January natural gas rose 8 cents to $5.08…


Wall Street Ends Higher, Still Winds up With 3rd Weekly Loss

A choppy day on Wall Street ended with broad gains for stocks Friday, though most of the major indexes wound up with their third weekly loss in a row. Mixed economic news weighed on stocks early on, but the indexes rebounded by late afternoon amid relatively light trading ahead of a long holiday weekend. The…


Russia May Implement Oil Output Cut of Up to 700,000 Barrels per Day

Russia’s Deputy Prime Minister Alexander Novak has revealed a possible cutting down of oil output by around 500,000–700,000 barrels per day, early next year as a retaliatory response to price caps imposed by G7 nations on Russian crude exports. While speaking to the local Rossiya-24 TV channel, the deputy prime minister said the reduction by…


US Core Capital Goods Orders Rise Modestly in November

WASHINGTON—New orders for U.S.–made capital goods rose moderately in November while shipments fell, pointing to a slowdown in business spending on equipment this quarter as higher borrowing costs cool demand for goods. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.2 percent last month, the Commerce Department…


Stocks Open Lower on Wall Street Ahead of Christmas Holiday

NEW YORK—Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5 percent Friday. The government reported that a key measure of inflation is continuing to slow, though it’s still far higher than anyone wants to see. Also, growth in consumer spending weakened…


Analysis: Can Republican Power in the House Make a Difference on Energy?

After talking up a “Red Wave” throughout 2022, the Republican Party ultimately failed to take the Senate in November. Yet, the GOP’s narrow majority in the House of Representatives will let them exercise more influence than they did during the first two years of Joe Biden’s presidency. Where could they be most valuable? Judging by…