Oil prices fell on Wednesday as the market assessed the possibility of the Federal Reserve raising interest rates which could slow growth and reduce oil consumption, which was offset by falling US inventories and strong Chinese economic data. And by 0641 GMT, Brent crude futures fell 35 cents, or 0.4 …
Read More »Dollar is recovering, supported by rising bond yields
The dollar stabilized on Wednesday after swinging amid bond market volatility in previous sessions, as investors focused on US economic indicators, Federal Reserve comments and corporate earnings in search of clues to the path of interest rates. The dollar index, which measures the performance of the US currency against six …
Read More »Japanese Nikkei index is falling after an 8-day rise
Japan’s Nikkei index closed lower on Wednesday, ending an eight-day rally, dragged down by heavyweight technology stocks. The Nikkei index fell 0.18 percent to 28,606.76 points, after closing at its highest level since Aug. 22 on Tuesday. The rise in the index was driven by optimism about billionaire Warren Buffett …
Read More »Britain’s inflation rate fell to 10.1% in March
Data from Britain’s Office for National Statistics showed on Wednesday that consumer price inflation in the country fell to 10.1 percent in March from 10.4 percent in February. Economists polled by Reuters had expected the annual rate to drop to 9.8 percent in March, further away from October’s 41-year high …
Read More »Canada: Annual CPI declines to 4.3% in March
Inflation in Canada, as measured by the Consumer Price Index (CPI), decreased to 4.3% on an annual basis in March from 5.2% in February, Statistics Canada announced on Tuesday. This reading came in line with the market forecast. On a monthly basis, the CPI grew by 0.5% as projected. Additionally, …
Read More »Johnson & Johnson rises on earnings beat, boosted full-year guidance
Johnson & Johnson delivered stronger-than-expected Q1 earnings that prompted the healthcare giant to boost its full-year guidance. JNJ reported a Q1 EPS of $2.68 on revenue of $24.7 billion to top the average analyst estimate for EPS of $2.50 on revenue of $23.61B. Sales rose 5.6% year-over-year with pharma revenue …
Read More »European stocks rose due to the recovery of China and attention on the results of US banks
European stocks rose on Tuesday as investors awaited more US bank earnings reports to gauge the health of the sector, and a stronger-than-expected economic recovery in China boosted sentiment. The pan-European STOXX 600 rose 0.2 percent after starting the week retreating from its highest level in a year, ending a …
Read More »Japan’s Nikkei closed higher for the eighth consecutive day
Japan’s Nikkei rose for the eighth straight session on Tuesday, supported by gains made by banks on positive US data, and a weaker yen boosted exporters. The Nikkei index rose 0.51% to close at 28,658.83 points, close to its highest level so far this year, in the longest streak of …
Read More »Gold rises with the decline of the dollar
Gold prices rose on Tuesday as the dollar weakened, as investors await more clues about the Federal Reserve’s interest rate path. Spot gold rose 0.2 percent to $2,001.09 an ounce by 0457 GMT. And US gold futures rose 0.2 percent to 2011.10 dollars. The dollar index fell 0.1%, making bullion …
Read More »Oil slips as recession fears loom over economic data
Oil prices moved lower on Monday as investors deliberated over a likely May interest rate hike by the U.S. Federal Reserve, which might hamper economic recovery hopes, despite Chinese GDP data was expected to augur well for demand growth. Brent crude futures were down 55 cents or 0.6% at $85.76 …
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