global-economy
Top StoriesOil Dips $1 on Interest Rate Fears, but Opec+ Cuts Limit Fall
Top StoriesOil Steadies as Market Digests Supply and Demand Outlook
Top StoriesOil up as Market Weighs Supply Cuts Against Gloomy Economic Outlook
Top StoriesWorld Stocks Tread Water as Traders Eye Fed Pause Prospects
Global Shares, US Yields Rise After Strong Jobs Data, Debt-Ceiling Passage
Date: June 2, 2023
Global shares, US yields rise after strong jobs data, debt-ceiling passage By Chibuike Oguh NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve could retain its interest rate hikes. Labor Department data showed on Friday that the U.S. economy...
Stocks Reach One-Month High on U.S. Debt Ceiling Hopes
Date: May 19, 2023
Stocks reach one-month high on U.S. debt ceiling hopes By Naomi Rovnick and Ankur Banerjee LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major currencies on Friday as markets reflected increased hopes for a deal over the U.S. debt ceiling that could avoid a calamitous default. Europe’s STOXX 600...
Oil Trades Sideways Amid US Plan to Refill Reserves, Mixed China Outlook
Date: May 16, 2023
(Reuters) -Oil futures traded sideways on Tuesday, after mostly weaker-than-expected data from China muddied the outlook for demand from the world’s top crude importer while U.S. plans to refill its Strategic Petroleum Reserve (SPR) underpinned prices. Supply worries stemming from wildfires in Canada buoyed prices earlier in the morning. Brent crude futures rose 1 cent,...
Oil Prices Head for Fourth Weekly Drop as Demand Fears Weigh
Date: May 12, 2023
Oil prices head for fourth weekly drop as demand fears weigh By Rowena Edwards LONDON (Reuters) -Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the United States and China revived concern about fuel demand growth in the world’s two largest oil consumers. Brent crude futures fell 43...
Oil Eases on Lackluster Chinese Import Data, U.S. Economy Woes
Date: May 9, 2023
HOUSTON (Reuters) -Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to lackluster Chinese import data and worries about U.S. economic growth, banking sector turmoil and debt-ceiling negotiations. Brent crude was down 86 cents, or 1.1%, at $76.10 a barrel by 11:06 a.m. ET (15:07 GMT). U.S. West Texas...
World Food Prices Rise for First Time in a Year- Fao
Date: May 5, 2023
World food prices rise for first time in a year- FAO ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time is a year, but is still some 20% up on a record high hit in March 2022 following Russia’s invasion of Ukraine. The Food and Agriculture...