SINGAPORE Oil prices rose on Monday as the number of U.S. rigs fell for a sixth straight week, while investors waited for Chinese trade data to be published later this week for clues on demand at the world’s top energy consumer. U.S. West Texas Intermediate (W... More »
NEW YORK The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention this week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp, Wells Fargo & Co, Citig... More »
SEOUL Crude oil futures rose on Monday after Russia said it was ready to meet other producers to discuss the situation in the global oil market, where prices have more than halved from last year’s highs due to a persistent supply glut. A report showing a fifth... More »
TOKYO Asian stocks rose on Monday as expectations for a U.S. interest rate hike this year faded after weaker-than-expected employment data. Spreadbetters forecast a higher open for Britain’s FTSE .FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI as investors ... More »
The U.S. jobs data were a bust, China remains a threat, the Fed won’t hike until, well, don’t ask, and bad news is good news for the stock market once again. Stocks plunged and then rallied back to gains on Friday after payrolls data showed not just declining ... More »
NEW YORK Global equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose. Major equity indexes around the... More »
LONDON Glencore (GLEN.L) shares sank more than 10 percent to a new record low on Monday, with the mining and trading company’s drive to sell assets to cut heavy debts failing to soothe fears over slumping metals prices. Traders cited a bearish Investec note th... More »
LONDON The dollar edged back towards a five-week high against a basket of major currencies on Monday, as investors eyed U.S. payrolls numbers and Chinese data later in the week for confirmation of bets the Federal Reserve will hike interest rates this year. Th... More »
SHANGHAI China stocks inched up in thin trading on Monday, as investors remained cautious while shrugging off data showing profits of Chinese industrial companies in August declined at the sharpest rate in four years. The CSI300 index .CSI300 of the largest li... More »
SINGAPORE Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices. China’s August industrial profits dropped 8.8 percen... More »
SINGAPORE Asian shares and emerging currencies fell on Monday after the U.S. Federal Reserve’s decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China. European markets were set to follow suit, with fin... More »
SINGAPORE Oil prices rose by around one percent on Monday as U.S. drilling slowed and analysts estimated that $1.5 trillion worth of planned American production investment was uneconomical at prices of $50 per barrel or lower. Crude prices have plunged over 50... More »
China’s yuan slipped against the dollar on Monday after the central bank fixed a weaker guidance rate, traders said. The People’s Bank of China set the midpoint rate CNY=SAEC at 6.3676 per dollar prior to the market open, 0.11 percent weaker than the previous ... More »
LONDON A year after Mario Draghi said European Central Bank interest rates had reached bottom, euro zone money markets are discounting a fair chance they could be lowered again – regardless of rising interest rates across the Atlantic. The low bank-to-bank len... More »
SINGAPORE Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures were down 29 cents at $47.85 per barrel at 0649 GMT, although U.S.... More »
TOKYO Asian shares rose in choppy trade on Monday after Chinese markets were hit by soft economic data, while the dollar sagged as investors questioned whether the U.S. Federal Reserve will be confident enough to raise rates for the first time in almost a deca... More »
SYDNEY/SINGAPORE The dollar inched lower on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade. The euro edged up 0.1 percent to $1.1350 EUR=, ho... More »
SYDNEY The dollar, euro and yen all got off to a slow start on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade. The euro stood little changed ... More »
We may well not get a global recession in the coming year or two but if we do, bank on one thing: an inadequate policy response. Citibank Chief Economist Willem Buiter attracted attention this week with a call for a 55 percent chance of a global recession some... More »
SINGAPORE Oil prices fell on Monday as oversupply concerns, a firmer dollar and lackluster U.S. non-farm payrolls data weighed on global markets, but a rebound in Chinese stocks after a two-day holiday helped prop up prices. The long Labor Day holiday in the U... More »
TOKYO Asian stocks were subdued on Monday, lacking clear direction as Shanghai shares see-sawed in and out of the red after the Chinese markets resumed trading following a four-day long weekend. Spreadbetters forecast Britain’s FTSE .FTSE, Germany’s DAX .GDAXI... More »
SHANGHAI China’s policymakers and regulators tried to soothe the country’s jittery markets on Monday, promising deeper financial market reforms and stressing the economy was showing signs of stabilizing, as stocks resumed trading after a four-day long weekend.... More »
TOKYO The dollar clawed back some of the ground it had lost against the yen on Monday, after skidding on mixed U.S. employment data that failed to bring much clarity to the timing of the U.S. Federal Reserve’s long-awaited interest rate hike. The dollar added ... More »
SHANGHAI China’s yuan weakened against the dollar on Monday in spite of a firmer midpoint, as investors sold the Chinese currency and the central bank was seen to be less heavily intervening in the market via state-owned banks. “Dollar sales by state-owned ban... More »
TOKYO The dollar nursed its losses on Monday, after dropping on mixed U.S. employment data that failed to bring much clarity as to the timing of the U.S. Federal Reserve’s long-awaited interest rate hike. Nonfarm payrolls rose a less-than-expected 173,000 last... More »
SHANGHAI China’s markets are more stable and risks associated with high levels of leverage have eased following a period of high volatility, the country’s stocks regulator said late on Sunday. The China Securities Regulatory Commission (CSRC) added in a post o... More »
NEW YORK Stocks edged higher on Wall Street in another volatile session on Thursday while the euro fell 1 percent on a darkening euro zone outlook as investors grew cautious ahead of the closely watched U.S. monthly jobs report. Global stock markets rallied ea... More »
SHANGHAI China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40 percent crash in the country’s stock markets since June. Both main indexes plunged more than 4 percent a... More »
SINGAPORE Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years. Brent crude futures for October delivery LCOc1 slipped more than $1, or 2 percent, before recovering although that st... More »
HONG KONG Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that could give clues on when the U.S. will raise interest rates and surveys which are likely to point to further weakness in Chin... More »
SAN FRANCISCO The waves of cash surfed relentlessly by some of Silicon Valley’s largest venture-backed businesses are showing signs of receding amid concern the companies may already worth more than they’re likely to be valued once they finally go public. Inve... More »
TOKYO/SINGAPORE The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. Federal Reserve would raise interest rates as early as next month. The dollar index .DXY, which trac... More »
SHANGHAI， China’s yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said. For August, the currency is set to depreciate 2.7 percent if i... More »
NEW YORK A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve’s plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crud... More »
TOKYO The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hope that U.S. jobs data later this week would give the U.S. Federal Reserve reason to raise interest rates as early as next month... More »
NEW YORK Traders priced in a more than 1-in-2 chance the U.S. Federal Reserve would raise interest rates in October after Atlanta Federal Reserve President Dennis Lockhart suggested the Fed could consider such a move. In over-the-counter trading, overnight ind... More »
SHANGHAI Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world’s second-largest economy is deepe... More »
SHANGHAI， China’s yuan dipped against the dollar on Tuesday after closing at its weakest level since 2011 on Monday, hit by another slump in the mainland’s stock market and a weak central bank midpoint. Traders said they believed the yuan’s current range betwe... More »
LONDON Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the center of the rout, was smashed again. The dollar and oil prices saw their first rises in five... More »
SINGAPORE Crude oil markets recovered slightly on Tuesday after a 6 percent drop in the prior session, although prices held near 6-1/2-year lows as continued weakness in Chinese equities triggered fears of an economic tailspin in the region. While global marke... More »
SINGAPORE/TOKYO The dollar rose against the yen on Tuesday, pulling up from a slide to seven-month lows the previous day, but the outlook remained clouded by worries of a China-led slowdown in global growth. Traders said a rise in U.S. stock index futures and ... More »
(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft (Reuters) – Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Monday’s savage markets selloff inev... More »
Mac Sykes, an analyst at asset management firm Gabelli & Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. “I went to bed close to midnight and was up again around 4:30 am,” said Sykes, who works at G... More »
NEW YORK Wall Street’s selloff on Monday, sparked by a near-9 percent dive in Chinese shares, was a long-overdue correction that analysts said is unlikely to undermine support for U.S. stocks going forward. “We are unlikely to be going into a bear market,” sai... More »
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly sl... More »
NEW YORK Confidence among affluent investors was already slipping before the stock market rout in China sent U.S. markets plunging last week and on Monday, according to a monthly index calculated by Spectrem Group, a Chicago-based research company. Yet when st... More »
U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece. All three major indexes also ended the week with slight gains, bouncing back from losses ... More »
SHANGHAI China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan trade... More »
NEW YORK Stocks, the U.S. dollar, and emerging market currencies around the world remained under pressure for a second day on Wednesday after China’s yuan weakened again, a day after the country devalued its currency. Major Wall Street averages pared losses by... More »
NEW YORK Oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows hit the previous session, when worries about China’s plummeting currency and economic slowdown deflated prices. Concerns that U.S. ... More »
NEW YORK The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies, on doubts over whether the U.S. Federal Reserve will raise interest rates in September given China’s devaluation of the yuan. The euro hit its highe... More »
WASHINGTON Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States. “They’re just destroying us,” the billionaire businessman, a long-time critic of China’s currency policy, sa... More »
China’s massive foreign currency reserves are dwindling at a more than half-trillion-dollar annual pace, a trend which may tighten global credit conditions. China’s central bank said its reserves fell by $43 billion in July to $3.65 trillion, in the first ever... More »
LONDON The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. U.S. short-dated yields fell and the dollar was sold on Friday... More »
SINGAPORE Oil extended losses to multi-month lows on Monday on worries of oversupply as OPEC pumped at record levels in July, while weak China data stoked concerns about slower growth at the world’s second largest oil consumer. Oil output by the Organization o... More »
HONG KONG/TOKYO An index of Asian shares outside Japan fell close to this year’s lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. In li... More »
NEW YORK Global equity markets dropped on Friday and copper fell to a six-year low as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Brent and U.S. crude oil futures settled at their lowest since March ... More »
LONDON European shares retreated on Tuesday from their six-week high in the previous session, with the healthcare leading the market lower after Novartis (NOVN.VX) reported quarterly incomes below analysts’ expectations. The STOXX Europe 600 Healthcare Index .... More »
LONDON Gold was on the brink of five year lows on Tuesday, with more losses expected in the coming months following Monday’s “bear raid” when sellers dumped an estimated 33 tonnes in just two minutes. The sudden bout of selling in Shanghai and New York occurre... More »
LONDON Oil prices tumbled on Monday as Iran and six world powers closed in on a final nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world markets. News of a unanimous agreement by European leaders on a bailout loa... More »
SINGAPORE Crude oil prices steadied on Tuesday, after posting one of their biggest selloffs this year in the previous session over Greece’s rejection of debt bailout terms and China’s ongoing stock market woes. Front-month U.S. crude futures CLc1 were trading ... More »
SHANGHAI Chinese stocks fell on Tuesday, taking little comfort from a slew of support measures unleashed by Beijing in recent days, and unnerved by Chinese Premier Li Keqiang’s failure to mention the market chaos in a statement on the economy. Before the marke... More »
TOKYO Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union. Chinese shares fell more than 5 percent ... More »
SHANGHAI Chinese investors sold off shares on Tuesday morning after Premier Li Keqiang was quoted on a government website saying that China has the ability to deal with economic risks but did not specifically mention the country’s embattled stock market. Inves... More »
SAN FRANCISCO Tumbling markets and economic uncertainty in China pose a risk to major chipmakers such as Qualcomm Inc (QCOM.O) that derive a big portion of their sales from the world’s second-largest economy. Consumer electronics giant Apple Inc (AAPL.O) could... More »
TOKYO Oil futures hovered below three-week lows on Tuesday as investors waited for developments in Greece following a bank shutdown, keeping them away from riskier assets and putting Brent crude on course for a second month of declines. Brent crude futures wer... More »
HONG KONG Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down while safe-haven assets received a boost as investors nervously awaited further developments in the deepening euro zone crisis. China’s stocks .SSEC tumbled ... More »
TOKYO The euro slipped on Tuesday as traders braced for the near certainty that Greece will default on a repayment to the International Monetary Fund later in the day, putting the country at risk of disruptive exit from the euro zone. The euro fell 0.4 percent... More »
TOKYO U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation’s exit from the euro zone. Greece will no... More »
