Global Stock Market

US stocks slipped on Friday as high inflation and a rebound in rates continue to weigh on investor sentiment. The S&P 500 shed 0.92%, and the Nasdaq Composite fell 1.30%. The Dow Jones Industrial Average was down 104 points, or 0.34%, but off lows of the day. Yields on the …

Ben Harris, US Assistant Secretary of the Treasury, said Thursday, February 16, that Russia’s decision to reduce crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, as Russian Deputy Prime Minister Alexander Novak announced last week that Moscow will voluntarily reduce production …

Ukraine’s Deputy Infrastructure Minister Yury Vaskov said on Friday that negotiations to extend the grain export corridor agreement across the Black Sea will start within a week. The Black Sea Grain Initiative, brokered in July by the United Nations and Turkey, allowed grain to be exported from three Ukrainian ports …

Wall Street fell on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that the Federal Reserve will keep raising interest rates to tame high prices. Decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The …

Japan’s Topix index closed Thursday at a 2-1/2 month high as auto and tire makers rebounded after the yen fell, and Wall Street’s rally at the close last night lifted market sentiment. The broader Topix index rose 0.71 percent to close at 27,696.44 points. The yen hovered near a six-week …

Wall Street’s main stock indexes fell on Wednesday after stronger-than-expected retail sales data offered more evidence of resilience in the U.S. economy, fueling worries that the U.S. Federal Reserve could stick to its rate-hike campaign.Retail sales surged 3% in January, driven by purchases of motor vehicles and other goods. Economists …

Britain announced on Wednesday that it and other European countries will provide Ukraine with military equipment, including spare parts for tanks and ammunition for artillery. The British Ministry of Defense said Britain had agreed with the Netherlands, Norway, Sweden, Denmark, Iceland and Lithuania to send an initial support package to …

Glencore has announced a £5.8bn ($7.1bn) payout to shareholders after posting “record profits” in its full-year 2022 results, powered by its coal and trading divisions. Revenue for the Swiss-based mining multinational came in at $255.9bn in 2022, a surge of 26% from the previous year. The miner will now hand …

The Nikkei fell on Wednesday, tracking lower US stock futures as investors digested hawkish rhetoric from the Federal Reserve (Central Bank of America) after the US inflation report. A jump in US bond yields overnight contributed to the rise in Japanese bank stocks, but hurt real estate stocks. The Nikkei …

Wall Street is slumping Tuesday after CPI report suggested inflation may not be slowing as quickly and as smoothly as hoped. The S&P 500 was 1% lower in midday trading, while yields shot higher in the bond market as investors braced for the Federal Reserve get firmer on interest rates …