global-economy
Top StoriesWorld Shares Cheer China Data, as Central Banks Line Up
Top StoriesWorld Shares Cheer China Data, as Central Banks Line Up
Top StoriesGlobal Equities Fall, as Treasury Yields Jump
Top StoriesOil Falls as US Jobs Data Dents Hope for Near-Term Rate Cuts
Oil Dips on Faltering China Economy, US Crude Stock Build
Date: January 31, 2024
Oil dips on faltering China economy, US crude stock build By Laura Sanicola (Reuters) -Oil prices fell on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in U.S. crude inventories as oil producers ramped up output after following frigid weather earlier this month. Prices were also pressured after...
Oil Slips on China Economic Headwinds
Date: January 30, 2024
Oil slips on China economic headwinds By Ahmad Ghaddar LONDON (Reuters) – Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic outlook, though losses were kept in check by supply fears driven escalating tensions in the Middle East. March Brent crude futures, which are due...
Oil Rises as Geopolitics Counter Demand Concerns
Date: January 22, 2024
Oil rises as geopolitics counter demand concerns By Natalie Grover LONDON (Reuters) -Oil prices rose on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds dampening global oil demand. Brent crude rose 90 cents to $79.46 a barrel by 1450 GMT. The front-month U.S....
How an Election-Packed 2024 Could Swing World Markets
Date: January 15, 2024
How an election-packed 2024 could swing world markets LONDON (Reuters) – Countries making up over 60% of the world’s economic output and more than half of its population hold elections this year. Taiwanese voters on Saturday swept the ruling Democratic Progressive Party’s presidential candidate Lai Ching-te into power, rejecting Chinese pressure to spurn him. And...
Oil Prices Gain 3% on Supply Concerns After Oilfield Shutdown in Libya
Date: January 3, 2024
Oil prices gain 3% on supply concerns after oilfield shutdown in Libya By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures rose $2.44, or 3.2%, to $78.33 a...
Global Stocks Retreat, Treasury Yields Rise as Rate Cut Optimism Fades
Date: January 2, 2024
Global stocks retreat, Treasury yields rise as rate cut optimism fades By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Stocks on Wall Street and in Europe fell on Tuesday, along with prices for U.S. and other government debt, as market optimism that the Federal Reserve will cut interest rates sharply this year faded. The...