World Markets
Banking body BIS urges decisive wave of global rate hikes to stem inflation
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current […]
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European stocks log best session in more than 3 months; tech shares gain 3.8%
LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all […]
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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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