Stocks slide ahead of US inflation data, earnings hurdles

People pass an electronic screen showing Japan’s Nikkei stock price index at a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Sign up now for FREE unlimited access to to register European stocks down 1.3%, S&P 500 futures down 0.8% Dollar tops 137 yen ahead of US CPI, inflation expectations The banks … Read more

Ex-JPMorgan dealers ‘ripped off’ metals market, prosecutor says in court

July 8 (Reuters) – Three former employees of JPMorgan Chase & Co (JPM.N) worked together to defraud other traders in the precious metals futures market, a US prosecutor told a jury during opening statements in a closely watched criminal trial in Chicago on Friday. Former head of the bank’s global precious metals division Michael Nowak, … Read more

World stocks in red as consumers signal an imminent recession

LONDON/TOKYO, June 29 (Reuters) – Global stock markets tumbled for a second straight day on Wednesday and bond yields fell amid growing fears that policymakers bent on curbing inflation are shutting down their economies could precipitate a recession. A string of weak data releases in Europe and the United States hasn’t stopped central bankers from … Read more

The US wants to raise $200 billion as part of China’s Belt & Road G7 rival

U.S. President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Kenny Holston/Pool via REUTERS Sign up now for FREE unlimited access to to register WASHINGTON, June 26 (Reuters) – The United States plans to … Read more

Stocks rebound, copper extends decline as investors assess recession risk

US stocks sharply higher early Copper falls again, oil higher Treasury yields rise NEW YORK, June 24 (Reuters) – Stocks in global markets soared on Friday, with Wall Street gaining more than 2% and the MSCI Global Index posting a weekly gain after three straight weeks of declines as declining Commodity prices eased inflation concerns. … Read more

Stock rally fizzles on renewed inflation fears

Employees of foreign exchange trading company work in front of monitors showing the exchange rate of the Japanese yen against the U.S. dollar, the euro and the Nikkei stock moving average at its trading room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Sign up now for FREE unlimited access to to register … Read more

Wall Street is poised for a rebound, but recession risk is keeping investors cautious

LONDON, June 21 (Reuters) – Wall Street was expected to open higher on Tuesday and European stocks faced a second day of gains, recovering slightly from last week’s 17-month lows but on rate hike plans by major central banks and global recession risks kept investors cautious. World stocks are up modestly so far this week, … Read more

The week of rate hikes has put stocks on course for their steepest decline since 2020

All but the BOJ hike Stocks fall when economic risks increase Yen slips as BOJ leaves policy on hold SINGAPORE, Jun 17 (Reuters) – Global equities headed for their worst week since the markets collapsed in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland left … Read more

ECB emergency meeting lifts Europe, Fed poised to make it big

News of an emergency ECB meeting sends Italian markets higher The market has almost fully priced in that the Fed will rise 75 basis points Euro rally knocks dollar off 20-year high, US yields off 10-year high China’s economic data slightly beat forecast, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday … Read more

Asian stocks slide as fears of a Fed rate hike push Wall Street into a bear market

HONG KONG, June 14 (Reuters) – Asian stocks tumbled sharply and the safe-haven dollar held near a two-decade high on Tuesday after Wall Street hit a confirmed bear market milestone on fears that aggressive US interest rate hikes would propel the world’s largest economy into recession. MSCI’s broadest index of Asia Pacific equities outside Japan … Read more