World Markets
Asia-Pacific stocks trade mixed as markets monitor recession concerns
SINGAPORE — Shares in the Asia-Pacific region were mixed on Friday as investors weigh recession fears. In Japan markets, the Nikkei 225 rose 0.13%, while the Topix declined 0.11%. South Korea’s Kospi gained 0.7%, and the Kosdaq advanced 1.34%. The S&P/ASX 200 in Australia slipped 0.21%. The New Zealand market is closed for a holiday […]
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OPEC+ to stick to oil supply boost plan as Biden heads to Saudi Arabia, sources say
U.S. President Joe Biden salutes as he boards Air Force One en route to Delaware Air National Guard Base from Joint Base Andrews, Maryland, May 13, 2022. Elizabeth Frantz | Reuters OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said, hoping to […]
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Euro zone bond yields plunge as business activity data disappoints
An Audi employee carries out the final inspection on a row of Audi A3 automobiles at Volkswagen’s plant in Ingolstadt, Germany. Alexander Hassenstein | Getty Images News | Getty Images Euro zone bond yields tumbled on Thursday after data showed business activity in the bloc had slowed much more than expected in June, adding to […]
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Asia-Pacific stocks rise after Wall Street bounces back
SINGAPORE — Shares in the Asia-Pacific region traded higher on Wednesday, as Wall Street bounced back after a turbulent week last week. Investors will be looking ahead to the minutes from Bank of Japan’s monetary policy meeting. Japan’s Nikkei 225 rose 0.52% in early trade, while the Topix gained 0.6%. The S&P/ASX 200 in Australia […]
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Asia-Pacific markets in positive territory; RBA poised to release meeting minutes
SINGAPORE — Asia-Pacific markets were mostly buoyant in early trade on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank is poised to release meeting minutes in the morning. Japan’s Nikkei 225 was 1.19% higher in early trade while the Topix rose by 1.2%. The Kospi in South Korea was […]
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European markets set for lower open as investors reflect on economic uncertainty
LONDON — European stocks are expected to open lower on Monday after a tumultuous trading week last week. The U.K.’s FTSE index is seen opening 15 points lower at 6,980, Germany’s DAX 28 points lower at 13,089, France’s CAC 40 down 37 points at 5,850, and Italy’s FTSE MIB down 73 points at 21,528, according to […]
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Asia-Pacific stocks mixed; China’s latest benchmark lending rate ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. The Nikkei 225 in Japan gained 0.58% in early trading while the Topix index climbed 0.45%. In South Korea, the Kospi also advanced 0.14%. Australia’s S&P/ASX 200 dipped fractionally. MSCI’s broadest index […]
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Too big to sanction? A large Russian bank still operates freely because it helps Europe get Russian gas
Ukraine is urging the United States and the European Union to slap tougher sanctions on one of Russia’s largest banks, Gazprombank, which is still able to operate freely around the world because of its central role in Moscow’s gas trade. Ukraine’s government says the bank, which was set up to service Russia’s state-owned gas company Gazprom, is […]
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Asia-Pacific markets set to rise after largest Fed rate hike since 1994
SINGAPORE — Asia-Pacific markets rallied on Thursday, tracking U.S. stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Japan’s Nikkei 225’s rose nearly 2% after markets opened and it was a sea of green among the automakers and tech stocks. Sony […]
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Asia-Pacific stocks slip; China’s May retail sales, industrial production out ahead
SINGAPORE — Shares in Asia-Pacific slipped in Wednesday morning trade following overnight losses on Wall Street as the S&P 500 fell deeper into bear market territory. Investors in the region will also be looking ahead to the release of Chinese economic data expected later today. The Nikkei 225 in Japan slipped fractionally in early trading […]
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