Page 2 - Global Stocks

Global stocks surge after Wall Street rebounds from inflation jolt

Global stock markets surged on Friday after Wall Street rebounded from a slump caused by higher-than-forecast inflation numbers. Market benchmarks in London and Paris opened up more than 1 per cent. Tokyo jumped 3.3 per cent for its biggest one-day gain in seven months. Hong Kong and Shanghai also rose. Benchmark US crude rose almost USD 2 per barrel. On Wall Street, the future for the benchmark S and P 500 index was down 0.4 per cent. Wall Street slumped on Thursday after the US consumer price index for September rose 8.2 per cent. But the S and P 500 rebounded to end up 2.6 per cent for its biggest daily gain in 2 1/2 years. The sticker shock of inflation was "shrugged off, possibly because traders already expect another sharp interest rate hike from the Federal Reserve next month to cool surging prices, said Vishnu Varathan of Mizuho Bank in a report. The Fed and central banks in Europe and Asia have raised rates by unusually wide margins this year to contain inflation that is

World stocks head back towards two-year lows as investors' mood sours

There was a modest respite for Britain's battered bond market after the Bank of England said it would start purchasing inflation-linked debt

Global stocks, bonds rally as investors spy possible central bank 'pivot'

A number of factors have helped douse some of the expectations for policymakers to deliver hefty rate hike after rate hike to quell inflation

S&P 500, Dow jump over 2% to kick-start fourth quarter; Tesla down

Tesla down as Q3 deliveries miss market estimates; US factory activity slowest in 2.5 years in Sept; Credit Suisse, Citi cut 2022 year-end target for S&P 500

World shares mostly lower as recession fears deepen amid oil price hike

Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies. Germany's DAX fell 1% to 11,998.26 while the CAC 40 in Paris shed 1.2% to 5,690.88. Britain's FTSE 100 lost 0.8% to 3,305.79. On Wall Street, the future for the S&P 500 was up 0.2% while the contract for the Dow industrials gained 0.4%. In its quarterly gas report, the Paris-based International Energy Agency said people will have to save at least 13% over the winter if Russia cuts off the last trickle of gas that's flowing to Europe. Europe faces unprecedented risks to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the IEA said. Reports that major oil producers plan further production cuts were also exerting upward pressure on energy prices. U.S. benchmark crude oil gained .

Q4 off to shaky start as world stocks stumble to lowest since 2020

Sentiment across markets remained frail given worries that aggressive interest rate hikes from the likes of the US Federal Reserve raises global recession risks

Global stocks pin hopes of year-end rally on earnings' resilience

The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth

Wall Street deep in bear market as S&P 500 hits new two-year low

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Global stocks, Wall Street futures lower amid inflation pressure

Global stocks and Wall Street futures fell on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated. Oil prices declined. Wall Street's benchmark S and P 500 index lost 1.1 per cent on Thursday, adding to declines after August inflation stayed near a four-decade high despite four interest rate hikes this year to slow the economy. On Thursday, US government data showed unemployment claims last week declined while August consumer sales rose. That gives ammunition to Federal Reserve officials who say the economy can tolerate more rate hikes. Wall Street's decline indicates no sign of relief for risk sentiments while the job market data provided the go-ahead for further tightening in monetary policy, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in London lost 0.3 per cent to 7,262.67 and the DAX in Frankfurt she

Stocks rise as tech, growth shares lead; 2-year US yields at 14-year highs

On Wall Street, all three major indexes ended with gains of at least 1%, scoring their first weekly increase in four weeks

Global stocks fall on Fed rate hike bets, yen drops to 24-year low

European stock markets opened in the red on Wednesday after US economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen

Global stocks, US futures rise as Europe wrestles with gas shortages

Global stock markets and Wall Street futures rose Tuesday as Liz Truss prepared to become British prime minister and Europe wrestled with uncertainty about Russian gas supplies. London and Frankfurt opened higher. Shanghai and Tokyo gained. Benchmark US crude rose more than $2 per barrel. The euro edged higher against the dollar. European markets were jolted by Friday's announcement that the suspension of Russian gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. Shortages have pushed up prices and weigh on economic growth. Truss will have to hit the ground running as the U.K. prepares for a brutal winter," Craig Erlam of Oanda said in a report. Noting news reports that Truss plans to freeze energy bills, Erlam said the question is what impact it will have on inflation and gas demand. In early trading, the FTSE 100 in London rose 0.3% to 7,307.22 and Frankfurt's DAX advanced 0.4% to 12,816.01. The CAC 40 in France gained 0.2% to 6,103.77. On Wall Stree

World stocks eye 3% weekly loss, dollar sky high before US jobs data

Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets

Global stocks down after strong US jobs data fuels rate hike fears

Global stock markets declined Wednesday after strong US jobs data fuelled expectations of more interest rate hikes and Chinese manufacturing activity weakened. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong declined. Oil prices lost more than USD 1 per barrel. US government data Tuesday showed there were two jobs for every unemployed person in July, giving ammunition to Federal Reserve officials who argue the economy can tolerate more rate hikes to tame inflation that is at multi-decade highs. Some investors had hoped the Fed would back off due to signs economic activity is cooling. The jobs data supported the argument for the Fed to stick to an aggressive stance, Edward Moya of Oanda said in a report. In early trading, the FTSE 100 in London fell 0.6 per cent to 7,319.62 and the DAX in Frankfurt shed 0.4 per cent to 12,913.41. The CAC 40 in Paris fell 0.5 per cent to 6,178.78. On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial .

Global stocks slip as caution reigns ahead of US inflation data tomorrow

Stakes are high for July US consumer prices report on Wednesday after an unexpectedly strong US jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation

Global stocks rise after US job data gain paves way for rate hike

Global stocks gained Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits. London, Shanghai, Tokyo and Frankfurt advanced. Hong Kong retreated. Oil prices edged higher. Wall Street's benchmark S&P 500 lost 0.2% on Friday after government data showed American employers added more jobs than expected in June. That undercut expectations a slowing economy might prompt the Fed to postpone or scale back plans for more rate hikes to cool inflation. Now it seems they will be debating whether they need to be even more aggressive, Edward Moya of Oanda said in a report. In early trading, the FTSE 100 in London was up 0.4% at 7,471.08 and the DAX in Frankfurt added 0.4% to 13,629.44. The CAC 40 in Paris advanced 0.6% to 6,512.74. On Wall Street, the future for the S&P 500 rose 0.3% while that for the Dow Jones Industrial Average was up 0.2%. The S&P declined 0.2% on Friday after government data showed employers hired .

Euro at one-week high, rowback in Fed rate hike bets knocks dollar

The comments late last week knocked the dollar off two-decade highs and boosted global stocks and non-dollar currencies, especially the euro.

Second half of 2022 starts with more declines in global stocks, yields

US Treasury yields tumbled on market expectations that US consumer prices will come down close to the Federal Reserve's inflation target.

Asian shares in painful quarter, dollar in rude health amid recession fears

Japan's Nikkei fell 1.4%, though its drop this quarter has been a relatively modest 5% thanks to a weak yen and the Bank of Japan's dogged commitment to super-easy policies

Global stocks, oil firm as China eases quarantine rules for intl arrivals

Asian shares rose after the announcement and EU stocks were firmly in green which sent the MSCI's benchmark for global stocks into positive territory and on track for its 4th consecutive daily gain