Both contracts are set for their second straight weekly loss. Brent’s $10.73 drop was the third biggest for the contract since 1988. U.S. crude inventories (USOILC=ECI) rose by 8.2 million barrels in the week to July 1. Oil costs sneaked through the Asian exchange on Friday as downturn fears kept on burdening opinion, however, stresses … Read more
Nikkei closes above the 28,000 mark for the first time since March. The dollar fetched 133.03 yen in Asian trade. Global markets also hailed China’s recent moves including the gradual easing. Tokyo stocks rose on Wednesday, matching gains on Wall Street, as a weaker yen boosted exporters. The Nikkei 225 index gained 1.04 percent, or … Read more
Stocks split as investors evaluate recession prospects and global inflation. Bank of Japan refused to boost interest rates to combat high consumer prices. Oil rates were up more than 1% after India and Australia raised borrowing. Stocks markets split as investors evaluated recession prospects and global inflation reached its highest levels in decades. In contrast … Read more
Tokyo shares closed better on Monday, extending gains on Wall Street, with buyers transferring their consciousness to worldwide economic signs due this week. The benchmark Nikkei 225 index won 2.19 percent, or 587.75 points, to 27,369.43, even as the broader Topix index brought 1.86 percent, or 35.14 factors, at 1,922.44. The dollar bought 127.08 yen, against 127.09 … Read more
Markets were combined Wednesday, with the little signal of any alleviation from the latest dour performances as buyers remain frightened approximately the monetary outlook thanks to the impact of inflation, higher interest costs, China’s slowdown, and the Ukraine war. A collection of vulnerable indicators around the arena and downbeat forecasts from huge firms have chilled trading … Read more
Slow growth concerns in China and rising US interest rates weighed on European stock markets on Tuesday, catching up with losses in Asia and on Wall Street. London’s benchmark FTSE 100 index was down 0.4 percent as it approached the halfway point in trading for the first time since Thursday. The eurozone’s losses were more … Read more
