NEW YORK (Reuters) - European stocks slid and U.S. shares wavered on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro zone gross domestic product beat expectations, adding to bets of a more hawkish European Central Bank.
World shares were mixed Thursday, with European benchmarks opening higher after a broad decline in Asia. Oil prices fell by more than $2 a barrel ahead of a meeting of OPEC set for later in the day. Oil-producing nations are expected to decide on output targets in their first meeting since Europe set sanctions on Russian crude. The Financial Times reported Saudi Arabia has indicated to western allies it could raise production to cover any substantial fall in Russian production. Supply bottlenecks would persist, Jeffrey Halley of Oanda said in a commentary, but it would be a rare piece of good news for the global economy and the inflation fight". France's CAC 40 gained 1.0% in early trading to 6,481.90, while Germany's DAX added 0.8% to 14,454.96. Markets were closed in Britain for the Platinum Jubilee marking Queen Elizabeth's 70 years on the throne. The future for the S&P 500 futures rose 0.3% and that for the Dow industrials gained 0.5%. In China, strict COVID-19 restrictions ..
Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares.
The yen dropped to a 20-year low after the Bank of Japan vowed to buy unlimited amounts of 10-year bonds daily to defend its yield target
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. US futures fell while oil prices were higher. The Fed comments have added to investor unease over the war in Ukraine, coronavirus outbreaks in China and persistent high inflation. Minutes from the Fed's meeting last month showed policymaker's agreed to begin cutting the Fed's stockpile of Treasury's and mortgage-backed securities by about $95 billion a month, starting in May. That's more than some investors expected and nearly double the pace the last time the Fed shrank its balance sheet. European shares wobbled after the open, with the CAC 40 in Paris up 0.2% at 6,508.50 and Germany's DAX edging 0.1% lower to 14,141.12. The FTSE 100 in London shed 0.3% to 7,554.73. On Wall Street, the future for the S&P 500 was nearly unchanged. The future for
Global share prices eased and US Treasury yields hit multi-year highs on Wednesday as investors bet that US Fed will couple shrinking of its balance sheet next month with a big interest hike
Global markets veered in different directions on Tuesday, with shares climbing to five-week highs, recession warnings growing
Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above USD100 per barrel. Stocks rose in Tokyo and Shanghai but fell in Paris, Frankfurt and London. U.S. futures were lower. Ukrainian President Volodymyr Zelenskyy called for more help for his country after days of bombardment of civilian sites in multiple cities over the past few days. The war, and plans for President Joe Biden to speak with Chinese President Xi Jinping later Friday were among the uncertainties overhanging markets. The White House said the conversation will center on managing the competition between our two countries as well as Russia's war against Ukraine and other issues of mutual concern. Germany's DAX slipped 0.3per cent to 14,357.48 and the CAC 40 in Paris lost 0.5per cent to 6,583.42. Britain's FTSE 100 lost 0.2per cent to 7,368.02. The futures for the S&P 500 and Dow industrials were 0.4per cent lower. Wrapping up a two-day meeting, the Bank of Japan opted to
World shares slid on Friday, pressured by uncertainty about the conflict in Ukraine and expectations the Federal Reserve will hike US interest rates next week
Global share markets slid on Thursday as U.S. inflation hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week
Global share markets fell on Tuesday as oil prices climbed yet further, driven by the United States banning Russian oil and other energy imports over Moscow's invasion of Ukraine
Since Russia invaded Ukraine on February 24, Western sanctions have cut Russia off from international trade and financial markets.
Brent, the international benchmark, briefly hit more than $139 a barrel, its highest level since 2008.
Global stocks rose Monday following a big Wall Street gain at the start of a week when China, South Korea and Southeast Asian markets will close for the Lunar New Year holiday. London and Frankfurt opened higher. Tokyo and Hong Kong advanced while Sydney declined. Markets in China, South Korea and Taiwan were closed. Hong Kong and Southeast Asia were due to close later in the week. Wall Street's benchmark S&P 500 index rose 2.4% on Friday, breaking a three-week losing streak and giving major indexes their biggest gains this year. Investors have been rattled by the Federal Reserve's decision to try to cool inflation by accelerating plans to raise interest rates and wind down bond purchases and other stimulus that is boosting stock prices. Prospects of rising rates and shrinking global liquidity compressed within a much shorter time-frame brings with it appreciable risks of unsettling markets, Vishnu Varathan of Mizuho Bank said in a report. In early trading, the FTSE 100 in London
Business Standard brings you the top headlines on Wednesday
Global shares were mixed on Wednesday, with many investors staying on the sidelines ahead of an update on how aggressively the Federal Reserve will tackle inflation. France's CAC 40 added nearly 1.0 per cent in early trading to 6,903.90, while Germany's DAX gained 1.2 per cent to 15,309.64. Britain's FTSE 100 rose 1.2 per cent to 7,461.86. The future for the Dow industrials climbed 0.3 per cent to 34,287.00. The S&P 500 future was 0.4 per cent higher at 4,367.50. Stocks have gyrated this week as markets focused on whether the US central bank will clarify just how fast it plans to tighten credit and potentially slow the economy. The Fed's two-day meeting wraps up on Wednesday. At the same time, tensions over the Russia and Ukraine tensions continue to grab attention. Ukraine's leaders have reassured their country that an invasion from neighbouring Russia is not imminent but acknowledged the threat is real and received a shipment of US military equipment to shore up their ...
By Stella Qiu and Alun John
European stocks opened higher Tuesday after a day of steep losses in Asia as markets waited to hear from Federal Reserve chair Jerome Powell after a two-day policy meeting that ends Wednesday. The possibility of conflict between Russia and Ukraine and concern over coronavirus outbreaks also were adding to uncertainties. France's CAC 40 edged up 1.1% to 6,861.14 in early trading, while Germany's DAX added 0.6% to 15,100.95. Britain's FTSE 100 rose 0.5% to 7,334.99. The future of the Dow Jones Industrial Average was 1.1% lower, while the S&P 500 future fell 1.6%. On Monday, a late buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory a drop of 10% or more from its recent high. The Fed meeting will provide an update on policymakers' latest thinking on the economy and interest rates. Some economists worry the Fed is moving too slowly in tamping down inflation by raising rates that have been kept low for nearly two ...
Euro STOXX 600 down 1.3%; tech stocks fall to new 14-week lows
Global stock markets and US futures were mostly higher Monday on 2022's first trading day after Wall Street ended last year with a double-digit gain. Frankfurt and Paris opened higher while Seoul and India advanced. Hong Kong retreated. Markets in Britain, China, Japan and Australia were closed. Wall Street's benchmark S&P 500 index slipped Friday amid lingering worries about the coronavirus's omicron variant but ended 2021 with an annual gain of 26.9 per cent It remains to be seen to what extent the optimism of the New Year will be reflected in financial markets, said Venkateswaran Levanya of Mizuho Bank in a report. In early trading, Frankfurt's DAX gained 0.8 per cent to 16,010.77 and the CAC 40 in Paris added 0.9 per cent to 7,213.57. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average were 0.4 per cent higher. On Friday, the S&P 500 slipped 0.3 per cent and the Dow slid 0.2 per cent. The Nasdaq fell 0.6 per cent. In Asian trading, Hong Kong's .