Category: World

Visitors to warsaw at this time of year do not usually bask in temperatures nearing 20°C. Bilbao tends to be frosty, not tropical, in January. But this winter is a strange one. Temperature records are being broken across Europe and energy prices are plummeting: the price of natural gas at the continent’s main hub has […]

Representative Image A gauge of global stocks climbed on Thursday while longer-dated U.S. Treasury yields and the dollar fell after a reading of consumer prices fed expectations the Federal Reserve may have leeway to scale back the size of future interest rate hikes. U.S consumer prices fell in December for the first time in more than 2-1/2 […]

Our currency, your problem. That is how John Connally, America’s Treasury secretary, described the dollar to European leaders in 1971. The phrasing was apt. His boss, Richard Nixon, had suspended the convertibility of the dollar into gold and demanded a change to the exchange-rate system established at Bretton Woods in 1944. Other countries were told […]

Asian markets Asian stock markets mostly pushed higher on Thursday, ahead of U.S. consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. Following gains for Wall Street indexes overnight, MSCI’s broadest index of Asia-Pacific […]

Representative Image U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. The much-anticipated report due on Thursday is projected by economists […]

Asian Markets Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve’s interest rate policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% higher, while Japan’s Nikkei gained 1%. Australia’s S&P/ASX 200 index rose 0.80%. While China’s reopening from pandemic […]

Representative image (Source: Reuters) U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy. In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the […]

Asian markets Asian shares fell on Tuesday following hawkish comments from two U.S. Federal Reserve officials overnight with investors turning cautious ahead of key inflation data, while China’s reopening after COVID-19 restrictions pushed commodities higher. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.02% in early trade. “The main theme overnight was cautiousness […]

Representative Image The S&P 500 index (.SPX) erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive with its interest rate hikes were offset by lingering worries about inflation. The Dow ended lower, and the Nasdaq Composite (.IXIC) ended well off the day’s highs. Investors are awaiting comments Tuesday from […]

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a five-month top, with South Korean shares gaining 2.1%. Chinese blue chips added 0.4%, while Hong Kong shares […]

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a five-month top, with South Korean shares gaining 2.1%. Chinese blue chips added 0.4%, while Hong Kong shares […]

Wall Street’s main indexes all gained more than 2% on Friday after December payrolls expanded more than expected even as wage increases slowed and services activity contracted, easing worries about the Federal Reserve’s interest rate hiking path. US nonfarm payrolls rose by 223,000 jobs in December, Labor Department data showed, while a 0.3% rise in […]

Following are details of the price cuts Reuters January 06, 2023 / 02:56 PM IST Tesla Tesla cut electric car prices in China and other Asian markets on Friday, part of efforts to stoke demand for output from its Shanghai plant, a person with direct knowledge of the plan said. Following are details of the […]

Asian Markets Asian equities gained on Friday while the dollar hovered near a one-month high as investors braced for crucial U.S. jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy. Japan’s Nikkei rose 0.39%, while South Korea’s Kospi jumped 0.77%. Australia’s stock benchmark […]