LONDON (Reuters) – A stock rally ran out of steam on Wednesday as concerns about the outlook for economic growth and rising inflation dampened sentiment, while the UK’s 9% inflation reading underlined how far higher interest rates could go. European stocks were mostly lower and Wall Street futures point to a weaker open. Several analysts … Read more
Stocks gain from retail sales, China optimism Dollar falls as risk appetite returns Crude oil dips amid fears of Fed tightening Powell keeps a hawkish message from the Fed NEW YORK (Reuters) – Global stock markets rebounded and Treasury yields rose on Tuesday, as strong retail sales in April signaled economic growth could strengthen, as … Read more
LONDON (Reuters) – European shares fell on Monday and Wall Street headed for a lower open, as investor sentiment struggled to recover from last week’s heavy selling amid fears of slowing economic growth. Global stocks hit an 18-month low last week, as investors worried that higher interest rates to counter high inflation would hurt the … Read more
WASHINGTON (Reuters) – U.S. President Joe Biden opened a meeting of Southeast Asian leaders and promised to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at countering the influence of rival China. Biden, on Thursday, kicked off a two-day summit with the 10-nation Association of Southeast Asian Nations (ASEAN) in … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 12, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register Global stocks fell to their lowest level in a year and a half, down nearly 20% year-to-date Europe fell more than 2%, US … Read more
North Korea declares ‘most dangerous national emergency’ The possibility of an “unprecedented crisis” for Kim Jong-un – expert The isolated country rejected the international offer of the vaccine No North Korean civilians are believed to have been vaccinated SEOUL (Reuters) – North Korea on Thursday confirmed the first outbreak of the COVID-19 virus, calling it … Read more
A man walks past the logo of Xiaomi, the Chinese consumer electronics manufacturer, outside a store in Mumbai, India, May 11, 2022. REUTERS/Francis Mascarenhas Register now to get free unlimited access to Reuters.com Register NEW DELHI (Reuters) – Chinese smartphone giant Xiaomi Corp (1810.HK) It faces legal problems in India as a federal financial crime … Read more
NEW YORK/MILAN (Reuters) – Wall Street stocks fell sharply, along with Treasury yields, in a volatile session on Wednesday, as oil prices soared and investors worried about the prospect of an economic slowdown. US stock indices moved up and down after US data showed higher-than-expected core inflation, excluding items such as oil prices. Some investors … Read more
A broker looks at a chart on his computer screen on the trading floor of the ICAP in London, Britain, January 3, 2018. REUTERS/Simon Dawson Register now to get free unlimited access to Reuters.com Register Global stock index pauses, showing weakest month since March 2020 US stocks affected by inflation and Amazon profits Nasdaq loses … Read more
