global-economy
Top StoriesOil Climbs on Optimistic Demand Outlook
Top StoriesWhat Is Opec+ and How Does It Affect Oil Prices?
Top StoriesStocks Inch up as Timing of US Rate Cuts Weighed; Copper Jumps
Top StoriesOil Down on Inflation, Supply Risks in Mideast, Canada Lend Floor
Oil Benchmark Brent Above $84 on Perky Demand Signals
Date: May 10, 2024
Oil benchmark Brent above $84 on perky demand signals By Natalie Grover LONDON (Reuters) -Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East also provided support. Brent futures were...
Oil Hits 1-week High on Demand Hopes After China, US Data
Date: May 9, 2024
Oil hits 1-week high on demand hopes after China, US data By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 1% to a one-week high on Thursday after data from China and the U.S. signalled that demand in the world’s two biggest crude-consuming nations could climb higher. Brent futures rose 40 cents, or 0.5%,...
Analysis-Painful High Rates Wake-Up Call Threatens Global Markets
Date: April 17, 2024
Analysis-Painful high rates wake-up call threatens global markets By Naomi Rovnick LONDON (Reuters) – Fear that interest rates in major economies will stay relatively high is creeping back and threatens a painful wake-up call for financial markets, big investors warn. With traders laser-focused on expected summer rate cuts, global stocks remain near record highs and...
IMF Warns Financial Risks Linger Amid ‘soft Landing’
Date: April 16, 2024
IMF warns financial risks linger amid ‘soft landing’ By Pete Schroeder WASHINGTON (Reuters) – The International Monetary Fund is cautioning against overexuberance in markets as investors look for central bankers to pull off a “soft landing” in their years-long inflation battle. In its latest semi-annual Global Financial Stability Report, the IMF noted that markets have...
Oil Heads for Second Weekly Gain on Tighter Supply Outlook
Date: April 5, 2024
Oil heads for second weekly gain on tighter supply outlook By Ahmad Ghaddar and Noah Browning LONDON (Reuters) -Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude...
Stocks and Bonds Take Heart From Powell; Commodities Strong
Date: April 4, 2024
Stocks and bonds take heart from Powell; commodities strong By Amanda Cooper LONDON (Reuters) – Global shares rallied on Thursday as U.S. rate cuts remained on the table even if their timing was unclear, while the yen slid against everything except the dollar and gold was pinned near record highs. There was also action in...