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European retail shares slide to lowest since outbreak of COVID crisis in 2020
Investing
European stocks eye weekly gains as defensives, tech shine
Investing
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others By Selena Li
Investing
Analysis: Swiss policy pivot signals exit for big stock and bond investor
Wall Street puts floor under stocks, crude steadies
Date: June 23, 2022
By Huw Jones LONDON (Reuters) – Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on Thursday as investors weighed the risk of hefty interest rate rises tipping economies into recession. Tech-laden Nasdaq futures were up 1%, while S&P500 futures gained 0.7%. Stronger U.S....
Oil rebounds as investors assess recession risks
Date: June 23, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices edged higher on Thursday after earlier falls as investors weighed the risks of recession and how fuel demand will be affected by rising interest rates and tight supplies. Brent crude futures rose by 50 cents, or 0.5%, to $112.24 by 1337 GMT, having dropped to as low as...
European stocks skid on gloomy business activity data, commodity weakness
Date: June 23, 2022
By Sruthi Shankar (Reuters) – European shares dropped on Thursday after a survey showed euro zone business activity slowed significantly in June, adding to fears of a sharp economic downturn, while sliding oil and metal prices hit commodity-linked stocks. The continent-wide STOXX 600 index dropped 1%, with miners shedding 2.6% to hit an over six-month...
Oil falls as investors eye recession risks
Date: June 23, 2022
By Yuka Obayashi TOKYO/SINGAPORE (Reuters) -Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell $1.4, or 1.3%, to $104.78 a barrel by 0643 GMT. Brent crude futures fell $1.3,...
Oil slumps over 6% as Biden set to cut fuel costs for drivers
Date: June 22, 2022
By Shadia Nasralla (Reuters) -Oil prices tumbled on Wednesday on news of a plan by U.S. President Joe Biden to cut fuel costs for drivers and amid concerns over a potential economic recession after recent central bank rate hikes, which also weighed on equities. Brent crude futures were down $7.49, or 6.5%, by 1313 GMT...
Stocks and oil tumble as recession fears mount
Date: June 22, 2022
By Marc Jones LONDON (Reuters) – World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar. The enthusiasm that had given Wall Street its best day in...