global-economy
InvestingGlobal Investors Brace for Turmoil as Big Fed Cut Sows Confusion
Top StoriesOil Settles Near 3-year Low on Weak Demand Outlook
Top StoriesOPEC Again Lowers 2024, 2025 Global Oil Demand Growth View
InvestingWall Street Muted as Investors Look to Fed After Stocks Recovery
Wall Street Stocks, Dollar Subdued as Fed Readies Rate Cuts
Date: August 22, 2024
By Lawrence Delevingne (Reuters) -Stocks and the dollar remained subdued on Thursday after Federal Reserve minutes signalled U.S. interest rate cuts were set to begin in a few weeks’ time. On Wall Street, the Dow Jones Industrial Average fell 0.20%, to 40,806.74, the S&P 500 lost 0.05%, to 5,617.78 and the Nasdaq Composite lost 0.13%,...
Wall Street Muted as Investors Look to Fed After Stocks Recovery
Date: August 21, 2024
By Lawrence Delevingne and Huw Jones (Reuters) -Global shares idled on Wednesday after a lengthy rebound propelled them towards recent lifetime highs, and as investors awaited clues on interest rate cuts from the Federal Reserve on Friday to decide on their next move. Oil was steady after a run of declines driven by expectations of...
Global Stock Index Climbs While Dollar Falls After US Inflation Data
Date: July 11, 2024
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – A global index of stocks hit record highs on Thursday, the dollar fell and Japan’s yen surged after a tame U.S. inflation reading boosted bets the Federal Reserve will be able to start cutting interest rates. U.S. Treasury yields dropped on Thursday after U.S. consumer...
Oil Prices on Track for Fourth Straight Week of Gains
Date: July 5, 2024
Oil prices on track for fourth straight week of gains SINGAPORE (Reuters) – Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns. Brent...
World Stocks Rise on Rate Cut Bets, Yen Flounders at 38-year Lows
Date: July 3, 2024
World stocks rise on rate cut bets, yen flounders at 38-year lows By Alun John and Dhara Ranasinghe LONDON (Reuters) -Shares around the world rose on Wednesday as comments from Federal Reserve Chair Jerome Powell reinforced expectations that U.S. rate cuts were not far off, briefly halting recent rises in Treasury yields and the dollar....
Oil Climbs on Optimistic Demand Outlook
Date: June 12, 2024
Oil climbs on optimistic demand outlook By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administration and OPEC, reinforced by industry data showing U.S. crude oil inventories fell more than expected last week. Brent crude futures rose 37 cents, or 0.45%, to $82.29...