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Hong Kong, China (AFP) Most stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world’s number-two economy. The moves helped offset a forecast-busting US jobs report that dented hopes that the Federal Reserve will take a softer approach to hiking interest rates in its battle against inflation. Investor sentiment has picked up considerably in recent weeks on indications the US central bank will slow […]
NEW YORK, United States (AFP) — Global stocks fell Monday as protests across China in opposition to the government’s hardline zero-Covid policy fueled uncertainty about the world’s number-two economy. Hundreds of people took to the streets in China at the weekend, in a wave of demonstrations not seen since pro-democracy rallies in 1989 were crushed. China-linked stocks took the brunt of selling in Asia, with Hong Kong’s Hang Seng Index closing down more than one […]
Hong Kong, China (AFP) Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government’s hardline zero-Covid policy, fuelling uncertainty in the world’s number-two economy. Hundreds of people took to the streets at the weekend in the country’s biggest demonstrations since pro-democracy rallies in 1989 were crushed. A deadly fire in the Xinjiang region on Thursday served as the catalyst for the public anger, […]
HONG KONG, China (AFP) — The euro, pound and yen all held their gains against the dollar Thursday and equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes Hong Kong led the gains thanks to a surge in tech firms, extending a recovery from Monday’s rout that was fueled by worries of Xi Jinping’s tightened grip on power in China. After a painful year for markets […]
HONG KONG, China (AFP) — The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears. While central banks around the world are ramping up interest rates to fight inflation, the main focus is on the US Federal Reserve’s increasingly hawkish tone that has seen it unveil three […]
Paris, France (AFP) by Ali BEKHTAOUI The world economy will take a bigger hit than previously forecast next year due to the effects of Russia’s war in Ukraine, the OECD said Monday. In a bleak report titled “paying the price of war”, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly. Covid outbreaks are still having an impact on the global economy while growth has […]
by Roland JACKSON Agence France-Presse NEW YORK, United States (AFP) — European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities rose on the eve of a key speech from Federal Reserve Chair Jerome Powell. Europe’s benchmark Dutch TTF gas contract advanced to 322 euros per megawatt hour, not far from the record high 345 euros struck in March shortly after key gas producer Russia invaded Ukraine. […]
London, United Kingdom (AFP) by Roland JACKSON European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities marked time on the eve of a key speech from Federal Reserve chair Jerome Powell. Europe’s benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far from the record high 345 euros struck in March shortly after key gas producer Russia […]
London, United Kingdom | AFP | The euro dived to a new two-decade low against the dollar and European stock markets fell Tuesday as weak economic data raised fears of recession amid an energy crunch. The single currency tumbled to $0.9901, but later clawed back losses to return above parity with the dollar in afternoon trading as the greenback was hit by poor US economic data. The dollar had strengthened this week against other currencies […]
NEW YORK, United States (AFP) — Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China’s economic recovery stuttering under Covid-19 restrictions. Stock markets were broadly steady and the dollar traded mixed as investors digested the latest developments, including the surprise move by China’s central bank Monday to slash interest rates as a raft of data showed industrial production and retail sales growth for July […]
NEW YORK, United States (AFP) — Oil prices tumbled Monday following surprisingly weak China manufacturing data, while global stocks were mixed ahead of key jobs data, earnings and central bank announcements. China’s closely-watched Purchasing Managers’ Index of manufacturing activity shrank in July as the result of weak demand and the strict zero-Covid measures imposed in parts of the country. The index, a key gauge of manufacturing activity in the world’s second-biggest economy, came in at […]
NEW YORK, United States (AFP) — Recession worries pushed the price of Brent oil briefly back under $100 on Wednesday, and the euro moved closer to parity with the dollar. European stocks rebounded thanks to lower bond yields and bargain hunting, while US stocks also advanced, climbing after Federal Reserve minutes maintained a tough line on inflation. Europe’s benchmark crude oil contract, Brent North Sea, fell briefly under $100 per barrel in afternoon deals, following […]
