Oil’s march toward $100 a barrel remained on pause as the impact of a rapidly tightening market was offset by gains in the dollar that made crude more expensive for many buyers. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Surges in...
Oil’s march toward $100 a barrel remained on pause as a rapidly tightening market was balanced concerns that central banks will keep interest rates higher for longer. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Macroeconomic headwinds — including the risk of...
Gold held losses after the dollar rallied to its highest level this year and US bonds extended a selloff, as consensus for a likely higher-for-longer rate scenario continued to build momentum across markets. The yield on 10- and 30-year Treasury notes surged to new multiyear highs on Monday, with...
The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit...
Japanese stocks decline as investors weigh the impact of a surge in US Treasury yields, and the yen remains under pressure. Topix Index falls 0.2% to 2,380.22 as of 9:01 a.m. Tokyo time Nikkei drops 0.3% to 32,569.58 Daiichi Sankyo Co. contributes the most to the Topix Index decline, decreasing 2.6%. Out...
Business sentiment in Germany weakened even further in September, the fifth consecutive month of decline, with the economic outlook remaining bleak in Europe's largest economy, according to a survey of companies. The Ifo business-climate index declined slightly to 85.7 in September from a revised 85.8 in...
The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket...
European markets opened lower Monday as investors reflected on a spate of central bank decisions last week and the prospect of higher-for-longer interest rates. The pan-European Stoxx 600 index was down 0.3% in early trade, with all sectors in negative territory. Mining stocks led losses with...
Japanese stocks rise as yen remains weak in the wake of Bank of Japan’s decision on Friday to keep policy unchanged. Topix rose 0.2% to 2,380.18 at 9:01 a.m. in Tokyo Nikkei 225 advanced 0.2% to 32,478.26 Sony contributed the most to the Topix’s gain, adding 0.7%. Out of 2,157...
Gold was steady after traders slightly unwound bets on another rate hike this year, with key US inflation data due this week set to show a deceleration. The annual core metric that strips out food and energy from the Federal Reserve’s preferred inflation measure may have fallen below...