World stock markets fell Wednesday following news of accelerating consumer price increases in both Britain and the United States. London stocks dropped half a percentage point nearing midday, as official data showed UK annual inflation neared a three-year peak in June. Frankfurt equities declined 0.2 percent in early afternoon deals, while Paris dipped 0.3 percent […]
Markets
US stocks end volatile week at records, European stocks also gain
Wall Street stocks bounced back Friday, concluding a rocky week at records as investors shrugged off worries over global growth and the Delta strain of Covid-19 that had pummeled equities in the prior session. All three major US indices finished at all-time highs, following a strong session in Europe. “Yesterday’s ‘sea of red’ has been […]
US stocks end at records in rebound rally, with Dow up 1.3%
Wall Street stocks powered to fresh records Friday, shaking off concerns about global growth and the Delta variant of Covid-19 that had pressured equities the day prior. All three major indices closed at all-time highs, led by the Dow Jones Industrial Average, which finished up 1.3 percent at 34,870.16. The broad-based S&P 500 jumped 1.1 […]
Crude oil prices fall again as markets digest Fed minutes
Oil prices finished lower again Wednesday following a choppy session while equities mostly gained as the markets digested Federal Reserve minutes signaling a policy change was coming but not imminent. Minutes of the Fed’s policy meeting last month acknowledged that inflation had outpaced expectations and the central bank will need to be ready to pull […]
Hong Kong stocks flat at start of trade
Hong Kong shares were barely moved at the start of trade on Tuesday morning, with focus this week on the release of minutes from the Federal Reserve’s most recent policy meeting, looking for clues about its monetary policy plans. The Hang Seng Index inched down 6.87 points to 28,136.63. The benchmark Shanghai Composite Index was […]
Most Asian markets rise after healthy US jobs report
Asian markets mostly rose Monday following another Wall Street record sparked by a blockbuster US jobs report that reaffirmed the country’s recovery was on track, while oil prices ticked higher as top producers struggled to reach a deal on lifting output. All three main indexes in New York finished last week at a fresh peak […]
OPEC+ summit could lead to modest rise in oil output
Major oil-producing countries are expected to agree on Thursday to boost output in August to meet growing demand and limit recent price rises. The cost of crude oil has surged back to levels last seen in October 2018, which would normally support arguments in favour of boosting production. India, the world’s third-largest consumer of crude, […]
European, US stocks gain as traders mull recovery, virus spike
European and US stock markets gained ground Tuesday, as investors brushed aside losses in Asia and weighed the strong economic recovery against rising virus cases. The S&P 500 and Nasdaq each finished at fresh records, narrowly rising after US consumer confidence data surged in June to its highest point since the pandemic began. European equities […]
US stocks strike new highs, Europe sinks
US stocks hit new highs on Monday although elsewhere there was little steam left in last week’s rally spurred by easing concerns over inflation. After another record close Friday on Wall Street, Asia struggled to maintain momentum, and Europe turned lower as the new trading week kicked off. But both the S&P 500 and Nasdaq […]
Shanghai stocks open with gains
Shares in mainland China rose at the beginning of trade Monday, extending last week’s rally on growing optimism about the global recovery and following another record close on Wall Street. The benchmark Shanghai Composite Index added 0.17 percent, or 6.01 points, to 3,613.57, while the Shenzhen Composite Index on China’s second exchange added 0.23 percent, […]