global-economy
Top StoriesAustralia Set for 3rd Year of Bumper Wheat Harvests, Easing World Supply Woes
Top StoriesBack to Snow: World Economic Forum Reverts to January for 2023
Top StoriesOil Climbs on Tight Supply, Prospect of EU Ban on Russian Supply
Top StoriesOil Snaps Inverse Dollar Link Leaving Little to Check Its Bull Run
Marketmind: The R Word
Date: May 26, 2022
A look at the day ahead in markets from Sujata Rao Minutes from the Fed’s last meeting indicated the U.S. central bank is not yet contemplating bigger, 75 basis-point rate rises. That, alongside softer economic dataprints, is inducing money markets to keep dialling back their view of where the Fed funds rate may peak. The...
Global Lng Markets Brace for Unknowns Ahead of Winter
Date: May 26, 2022
By Joyce Lee and Florence Tan DAEGU, South Korea (Reuters) – Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top importer China in the run-up to peak winter season, industry executives said. Western sanctions on Russia due to the...
Stocks Slump as Snap Cracks Rally, Lagarde Lifts Euro
Date: May 24, 2022
By Lawrence White LONDON (Reuters) – Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom. Nasdaq futures lost 2.06%, with traders blaming an earnings warning from Snap which saw shares...
Oil Prices Recoup Early Losses on China Hopes, Global Supply Fears
Date: May 19, 2022
By Yuka Obayashi and Florence Tan TOKYO (Reuters) -Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.32, or 1.2%, at $110.43...
Oil Drops as Economic Worries, Strong Dollar Weigh
Date: May 10, 2022
By Florence Tan (Reuters) – Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand. Brent crude was down $1.19, or 1.1%, at $104.75 a barrel at 0607...
Stocks Suffer Renewed Slide on Growth Fears, Dollar Extends Rally
Date: May 9, 2022
By Tommy Wilkes LONDON (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which U.S....