Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low
2 years, 5 months ago

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low

ABC  

Renewed worries about a global recession have led to sharp falls in the Australian dollar, commodity prices, and global markets. Key points: The ASX 200 has fallen by 11pc since the year began US crude oil dropped below $US100 a barrel The euro sank to its lowest level in almost 20 years Oil prices were hit hardest, plunging by around 9 per cent overnight, on fears that an economic downturn and the prospect of more lockdowns in China will hurt demand. "According to our commodity strategists, key Australian commodity prices can fall by around 40 per cent at the end of 2023," said Commonwealth Bank currency strategist Carol Kong. Meanwhile the US dollar index, which measures America's currency against a group of major currencies, jumped 1.4 per cent, after hitting its highest level since December 2002. European markets dropped 2.1 per cent as soaring energy prices stoked inflation worries, while the euro sank on recession concerns.

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History of this topic

Dollar rebounds from inflation data drop, euro dips
1 day, 18 hours ago

Dollar rebounds from inflation data drop, euro dips

Live Mint  

By Chuck Mikolajczak NEW YORK -The dollar rebounded while the euro dipped on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. "The key for the dollar right now is the policy divergence, and Powell going from more worried about unemployment than inflation, and then the …

Wall Street heads for upbeat open as investors cheer US inflation data
Trending News
1 day, 18 hours ago

Wall Street heads for upbeat open as investors cheer US inflation data

Live Mint  

* Dollar gains, S&P futures up 0.1% * Futures imply two Fed rate cuts in 2025 * Dollar remains strong on high bond yields By Amanda Cooper LONDON, Dec 23 - U.S. stock futures rose on Monday, pointing to an upbeat start on Wall Street following a U.S. inflation reading last week that offered some hope for further policy easing …

Stock Market Today: Sensex, Nifty slump in early trade as U.S. Fed indicates fewer rate cuts next year
6 days, 2 hours ago

Stock Market Today: Sensex, Nifty slump in early trade as U.S. Fed indicates fewer rate cuts next year

The Hindu  

Benchmark indices Sensex and Nifty slumped in early trade on Thursday following weak global market trends after the U.S. Federal Reserve indicated fewer rate cuts next year. This trigger was provided by the Fed guidance of fewer rate cuts in 2025, which went against market expectations. Even though the rate cut of 25 bps was in tune with the market’s …

Global stock index falls, bond yields rise ahead of rate decisions
1 week, 4 days ago

Global stock index falls, bond yields rise ahead of rate decisions

Live Mint  

* Wall Street stocks end close to flat, Europe ends down * Oil prices settle higher, * Dollar rises against yen, falls against the Euro By Sinéad Carew and Harry Robertson NEW YORK/LONDON Dec 13 - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from …

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe
2 weeks, 1 day ago

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe

Live Mint  

US stock market indices ended lower on Monday weighed down by tech stocks amid fall in AI leader Nvidia stock price and ahead of the release of crucial inflation data later this week. Advanced Micro Devices shares plunged 5.7% after BofA Global Research downgraded its rating on the stock, Comcast share price tanked 9.5%, while Hershey stock price surged 10.9% …

Sensex plunges nearly 800 points: 4 factors behind stock market turbulence
3 weeks, 6 days ago

Sensex plunges nearly 800 points: 4 factors behind stock market turbulence

India Today  

Benchmark stock market indices experienced a sharp decline on Thursday, erasing gains from the previous session. Here are four key factors driving the market’s decline: US INFLATION DATA AND INTEREST RATE CONCERNS The overnight US inflation data revealed stronger-than-expected consumer spending in October, raising fears of a slower rate-cut trajectory. Concerns over the U.S. rate-cut trajectory directly impact IT and …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
1 month, 1 week ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
Trending News
1 month, 1 week ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE, - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Markets decline in initial trade amid soaring inflation, foreign fund exodus
1 month, 1 week ago

Markets decline in initial trade amid soaring inflation, foreign fund exodus

The Hindu  

Equity benchmark indices declined in early trade on Wednesday amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows. The BSE benchmark Sensex declined 239.69 points to 78,435.49 in early trade. Retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21% in October mainly on account of …

Dollar on track for weekly gain after Trump election win
1 month, 2 weeks ago

Dollar on track for weekly gain after Trump election win

Live Mint  

* US currency may consolidate on uncertainty over Trump policies * Japanese yen suffers from widening interest rate differential By Karen Brettell and Stefano Rebaudo Nov 8 - The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. …

Wall Street today: US stock indices rise slightly after hitting record highs, spotlight on Fed interest rate decision
1 month, 2 weeks ago

Wall Street today: US stock indices rise slightly after hitting record highs, spotlight on Fed interest rate decision

Live Mint  

US stock indices rose slightly on Thursday after storming to record highs in previous session on former president Donald Trump's presidential election victory. As of 10:10 am Eastern time, the S&P 500 was up 0.5 per cent, the Dow Jones Industrial Average was up 0.1 per cent, and the Nasdaq Composite was 1.1 per cent higher. At the opening bell, …

Why Donald Trump victory caused stock markets to boom but currencies to fall
Trending News
1 month, 2 weeks ago

Why Donald Trump victory caused stock markets to boom but currencies to fall

Firstpost  

In America, both the Dow and S&P 500 scaled new heights, while Singapore’s Straits Times, Hong Kong’s Hang Seng, Taiwan’s Taiwan Weighted, Thailand’s SET Composite and China’s Shanghai Composite also witnessed a spike. However, a number of currencies including the Indian rupee, Singapore’s dollar, Thailand’s baht, and Mexico’s peso slumped in the aftermath of Trump’s win. “The ‘Trump trade,’ which …

Dollar dips as US voters head to polls
1 month, 2 weeks ago

Dollar dips as US voters head to polls

Live Mint  

By Karen Brettell and Amanda Cooper -The U.S. dollar fell as U.S. voters headed to the polls on Tuesday, with the results of the elections likely to decide at least the near-term fate of the greenback. my sense is that people are cautious," said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered …

Dollar, stocks tread water before tight US election
1 month, 2 weeks ago

Dollar, stocks tread water before tight US election

Live Mint  

By Koh Gui Qing and Tom Wilson NEW YORK/LONDON -The dollar fell while stocks eked out slim gains on Monday as investors treaded carefully before the U.S. presidential election which will impact the world economy, with a U.S. Federal Reserve interest rate cut also expected later in the week. In the U.S. presidential race, Democratic candidate Kamala Harris and Republican …

Gold Soars to New Heights as Geopolitical Tensions and Election Uncertainty Loom Over Stocks
2 months ago

Gold Soars to New Heights as Geopolitical Tensions and Election Uncertainty Loom Over Stocks

Live Mint  

Global markets remain cautious as geopolitical tensions and the upcoming U.S. presidential election weigh heavily on investors. Gold prices surge to new highs, with the price of an ounce reaching $2,722.23. However, all three main Wall Street indexes trade lower, with defensive stocks leading the decline. Oil prices drop further, with Brent crude futures down 1.57% and U.S. West Texas …

Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel
2 months, 3 weeks ago

Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel

LA Times  

U.S. stocks retreated from their records Tuesday after Iran fired missiles into Israel, a sharp escalation of tensions in the Middle East that investors fear could lead to disruptions in the flow of oil. Oil prices jumped amid speculation about how Israel and the United States may respond to Iran’s move. White House national security advisor Jake Sullivan called Iran’s …

Stock Market Highlights: Sensex Drops 166 Points, Nifty Below 24,000; Financial Stocks Drag
4 months, 2 weeks ago

Stock Market Highlights: Sensex Drops 166 Points, Nifty Below 24,000; Financial Stocks Drag

News 18  

Stock Market LIVE Updates: Equity benchmark indices, the BSE Sensex and the NSE Nifty50, pared early gains to settle in the red on Tuesday. The index jumped 1.38 per cent to hit the day’s high of 79,852.08 during intraday trade. The Nikkei 225 soared 9.87 per cent and broad based Topix surged 9.95 per cent. Japan’s stocks recovered sharply after …

Sensex slides 2.7% as global stock sell-off deepens
4 months, 2 weeks ago

Sensex slides 2.7% as global stock sell-off deepens

The Hindu  

The benchmark S&P BSE Sensex slumped almost 3% on August 5 amid a deepening global sell-off, precipitated by fears that the U.S. economy may tip into a recession. “In the backdrop of weak global sentiment, the benchmark indices corrected sharply,” said Shrikant Chouhan, Head - Equity Research, Kotak Securities. “The rupee has experienced a significant decline, marking a new all-time …

London markets weaken as oil prices slip
5 months ago

London markets weaken as oil prices slip

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s stock market weakened on …

Stock markets: Sensex falls over 250 points, Nifty dips 76 points to 24,536 in early trade
5 months, 1 week ago

Stock markets: Sensex falls over 250 points, Nifty dips 76 points to 24,536 in early trade

India TV News  

Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Major gainers and laggards Among the Sensex pack, Asian Paints went lower …

Markets tumble in early trade on weak trends from global equities, fresh foreign fund outflows
6 months ago

Markets tumble in early trade on weak trends from global equities, fresh foreign fund outflows

The Hindu  

Benchmark equity indices tumbled in early trade on Monday, June 24, 2024, amid weak trends from global markets and fresh foreign fund outflows. Foreign Institutional Investors offloaded equities worth ₹1,790.19 crore on Friday, according to exchange data. Global oil benchmark Brent crude declined 0.07 per cent to USD 85.18 a barrel. Snapping its six-day rally, the BSE benchmark declined 269.03 …

Silver prices slip another 2%, down 11% in 9 sessions; what’s behind the fall?
6 months, 1 week ago

Silver prices slip another 2%, down 11% in 9 sessions; what’s behind the fall?

Live Mint  

Silver prices tumbled another 2% on the Comex in today's sessions, reaching $29.13 an ounce, extending its bearish streak for the fourth straight week. This rally was largely fueled by heightened expectations of a Federal Reserve rate cut, substantial purchases by global central banks, a surge in safe-haven demand, and retail investors seeking to diversify their portfolios. However, the fading …

Bitcoin’s bull run screeches to a halt; drops 7 per cent in a day to trade at $67,830
9 months, 1 week ago

Bitcoin’s bull run screeches to a halt; drops 7 per cent in a day to trade at $67,830

Live Mint  

Bitcoin has unceremoniously declined by 7.5 percent in one day to trade around $67,830, CoinDesk data shows. Some cryptocurrency experts believe that this was expected on account of profit booking that usually follows a bull run, while there is another view that argues that the crypto price drop may be linked to the release of Producer Price Index by US …

Stock markets: Sensex falls 315 points, Nifty declines over 100 points to 22,045 in early trade
9 months, 1 week ago

Stock markets: Sensex falls 315 points, Nifty declines over 100 points to 22,045 in early trade

India TV News  

Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. Rupee against dollar The rupee depreciated 12 paise to 82.96 against the US dollar in early trade on Friday, weighed down by a strong American currency and a negative trend in domestic equities. Forex traders said foreign fund outflows and …

Rupee falls 5 paise against US dollar in early trade
10 months, 2 weeks ago

Rupee falls 5 paise against US dollar in early trade

The Hindu  

The rupee depreciated 5 paise to 83.01 against the US dollar in early trade on Friday, February 9, 2024, tracking a strong American currency and elevated crude oil prices in the international market. The RBI maintained status quo in its monetary policy for the sixth consecutive time and left the repo rate unchanged at 6.5 per cent, in line with …

Stock Market Rebounds: Sensex Gains 690 Points; Nifty Tops 21,450 Amid Volatility. Tata Steel Up 3.8 Per Cent
11 months ago

Stock Market Rebounds: Sensex Gains 690 Points; Nifty Tops 21,450 Amid Volatility. Tata Steel Up 3.8 Per Cent

ABP News  

The two key equity benchmarks, Sensex and Nifty, on Wednesday rebounded sharply after a volatile trading since morning. Elsewhere in Asia, Japan's Nikkei 225 lost 0.80 per cent, and Hong Kong's Hang Seng gained sharply by 3.56 per cent. European markets were higher on Wednesday, with Germany's DAX and CAC 40 of France gaining 1.00 per cent and 0.58 per …

Stock markets tumble in early trade: Sensex falls 316 points, Nifty declines 51 points to 21,187
11 months ago

Stock markets tumble in early trade: Sensex falls 316 points, Nifty declines 51 points to 21,187

India TV News  

Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. US and European markets In the US markets, the Dow closed 0.25 per cent lower, while the S&P 500 settled 0.29 per cent higher and tech-heavy Nasdaq closed Tuesday's session 0.43 per cent higher. European markets closed …

Global stock markets slump as US data shows economic activity cooling
11 months, 3 weeks ago

Global stock markets slump as US data shows economic activity cooling

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top global stock markets slumped …

How will the ASX, Wall Street, other share markets and the Australian dollar perform in 2024?
11 months, 3 weeks ago

How will the ASX, Wall Street, other share markets and the Australian dollar perform in 2024?

ABC  

Key market and currency watchers say the Australian share market is likely to outperform other major financial markets in 2024 and the Australian dollar will trade higher against the greenback with or without interest rate cuts. Key points: The ASX 200 could reach a record high in 2024 The Australian dollar is likely to continue to rise But a recession …

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl
1 year ago

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl

Live Mint  

Oil prices fell by 2.5 per cent on Wednesday, December 6, as a bigger-than-expected rise in US gasoline inventories worried markets about demand and outweighed a draw in crude stocks. Back home, on the Multi Commodity Exchange, crude oil futures due for a December 18 expiry, was last trading lower by 4.75 per cent at ₹5,791 per bbl, having swung …

Stock markets decline in early trade on foreign capital outflows, Rupee falls against dollar
1 year, 1 month ago

Stock markets decline in early trade on foreign capital outflows, Rupee falls against dollar

India TV News  

Equity benchmark indices declined in early trade on Wednesday due to weakness in banking, financial and metal stocks amid unabated foreign fund outflows. The US 10-year bond yield above 4.9 per cent will continue to be a major headwind for stock markets, particularly for those in emerging markets. Rupee falls against dollar The rupee depreciated 3 paise to 83.27 against …

Gold prices decline on higher US dollar and bond yields
1 year, 2 months ago

Gold prices decline on higher US dollar and bond yields

Live Mint  

Gold prices declined on Tuesday, weighed down by higher US dollar and bond yields. In the past two weeks, gold has risen about 9%, hitting five month high of $1,997.09 on October 20, on escalating conflict between Israel and Hamas in the Middle East region. The US dollar rose 0.3% against its rivals, making gold more expensive for other currency …

Global markets today: US stocks rise, yields up, oil falls
1 year, 2 months ago

Global markets today: US stocks rise, yields up, oil falls

Live Mint  

World markets today: In the global markets, the US stocks and the European shares gained as investors remained risk-averse on prospects of escalation in the Middle East conflict. Wall Street US stocks and treasury yields surged on Monday as investors look forward to third quarter earnings. The pan-European STOXX 600 closed 0.2% higher with miners and retail stocks leading sectoral …

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high
1 year, 2 months ago

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high

Live Mint  

Global Market Update: The Dow and S&P 500 were lower on Monday with utilities falling sharply, Nasdaq barely changed as investors weighed the likelihood that the Fed will hold interest rates higher for longer. Majority of US stocks fell alongside oil-and-gas stocks, with 85% of S&P 500 stocks dropping, but gains for Apple and some other influential Big Tech stocks …

Markets fall in early trade amid foreign fund outflows; Rupee falls 31 paise against dollar
1 year, 4 months ago

Markets fall in early trade amid foreign fund outflows; Rupee falls 31 paise against dollar

India TV News  

Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. The BSE benchmark had plunged 440.38 points or 0.66 per cent to settle at 6,266.82 on Thursday, while the Nifty declined 118.40 points or 0.60 per cent to close at 19,659.90. Rupee falls against dollar …

Markets climb in early trade on firm global trends; Rupee rises against dollar
1 year, 5 months ago

Markets climb in early trade on firm global trends; Rupee rises against dollar

India TV News  

Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. "Overnight rally in the US markets and early gains in Asian gauges could fuel optimism in local shares, as investors are likely to follow suit and maintain the buying momentum. Rupee rises 21 paise against dollar …

Sensex, Nifty trade flat amid weak global trends; Indian Rupee falls 8 paise against US dollar
1 year, 5 months ago

Sensex, Nifty trade flat amid weak global trends; Indian Rupee falls 8 paise against US dollar

India TV News  

Stock markets: Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. How global markets flared In global markets, stocks in Hong Kong, Japan and Australia declined following overnight losses in US equities as reports suggested the US job market remains much more resilient than …

Markets trade with slight gains amid weak trends in global equities; Rupee falls 20 paise against US dollar
1 year, 5 months ago

Markets trade with slight gains amid weak trends in global equities; Rupee falls 20 paise against US dollar

India TV News  

Stock markets: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. "Negative sentiment across the global equities could see local benchmarks struggle in early Thursday trade, with profit-taking likely to continue after yesterday's Federal Open Market Committee minutes meeting hinted …

Dollar Dips Against Euro as Jobs Gains Offset by Negative Revisions
1 year, 7 months ago

Dollar Dips Against Euro as Jobs Gains Offset by Negative Revisions

News 18  

The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. ”For us the resolution ultimately is for consistently weaker U.S. data and a weaker dollar ultimately and a more dovish Fed.” Fed funds futures traders …

Markets fall in initial trade on weak global trends
1 year, 10 months ago

Markets fall in initial trade on weak global trends

The Hindu  

Stock market benchmark indices fell in initial trade on Wednesday tracking weak global trends ahead of the release of minutes of the Federal Open Market Committee meeting. "U.S. stocks tumbled led by growing concerns that the Federal Reserve will keep interest rates higher for longer," said Mitul Shah, Head of Research–Institutional Desk, Reliance Securities Ltd. The U.S. markets reacted sharply …

Dollar edged up from eight-month lows and gold remains stable
1 year, 10 months ago

Dollar edged up from eight-month lows and gold remains stable

India TV News  

Gold futures opened at Rs.56875.00 per 10 grams, on the Multi Commodity Exchange. BUDGET 2023: FULL COVERAGE The gold market is off to a strong start in 2023, with prices nearing a nine-month high after a five-week rally. Despite a 5% increase in gold prices this year, data from SPDR Gold Shares, the world's largest gold-backed ETF, shows that demand …

Asian markets rise after Wall St losses amid recession fears
1 year, 11 months ago

Asian markets rise after Wall St losses amid recession fears

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets rose Friday …

FTX crypto founder Sam Bankman-Fried pleads not guilty, ASX rebounds
1 year, 11 months ago

FTX crypto founder Sam Bankman-Fried pleads not guilty, ASX rebounds

ABC  

The Australian share market has ended its day with strong gains, and managed to claw back all of yesterday's steep losses. The ASX 200 index jumped 1.6% to close at 7,059 points, with almost every sector posting gains. The US dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's …

US oil prices hit lowest level in nearly a year. Gas is down 6% in a month
2 years ago

US oil prices hit lowest level in nearly a year. Gas is down 6% in a month

CNN  

London CNN Business — US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. Global oil prices have fallen about 35% since June as strict coronavirus restrictions in China have kept demand weak, and as some of the world’s major economies have signaled they are heading …

ASX lower as global geopolitical tensions weigh, ASIC suspends licence of FTX Australia, Deliveroo goes under
2 years, 1 month ago

ASX lower as global geopolitical tensions weigh, ASIC suspends licence of FTX Australia, Deliveroo goes under

ABC  

The corporate regulator has suspended the financial services licence of the Australian arm of collapsed cryptocurrency exchange FTX, and the Australian market ended lower on concerns about an escalation of the war in Ukraine after two people were killed in an explosion in eastern Poland. Key points: The S&P 500 index rose 0.9 per cent, to 3,991, the Nasdaq jumped …

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent
2 years, 2 months ago

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent

ABC  

Australian shares have fallen significantly, tracking heavy losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment. Key points: The Australian dollar peaked at 76.6 US cents in April It has since dropped 17 per cent as global recession fears mount The US Fed is tipped to lift interest …

OPEC+ to debate large cut in amount of crude it ships to global economy
2 years, 2 months ago

OPEC+ to debate large cut in amount of crude it ships to global economy

The Hindu  

The OPEC+ alliance of oil-exporting countries on October 5 will debate a potentially large cut in the amount of crude it ships to the global economy — a move that could help Russia weather a looming European ban on oil imports and raise gasoline prices for U.S. drivers just ahead of national midterm elections. It’s unclear how much impact a …

Sensex sinks 1,020 points as rate hikes trigger global sell-off; posts weekly loss
2 years, 3 months ago

Sensex sinks 1,020 points as rate hikes trigger global sell-off; posts weekly loss

India TV News  

The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. Sliding for the third straight session, the 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to close at 58,098.92. On a weekly basis, the Sensex lost 741.87 …

EXPLAINED: How the Strong US Dollar Can Affect Everyone
2 years, 3 months ago

EXPLAINED: How the Strong US Dollar Can Affect Everyone

News 18  

The buck isn’t stopping. Here’s a look at what’s driving the U.S. dollar higher and what it can mean for investors and households: WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? The U.S. Dollar index, which measures the dollar against the euro, yen and other major currencies, has climbed more than 14% this year. Partly because of that …

EXPLAINER: How the strong U.S. dollar can affect everyone
2 years, 3 months ago

EXPLAINER: How the strong U.S. dollar can affect everyone

Associated Press  

NEW YORK — The buck isn’t stopping. Here’s a look at what’s driving the U.S. dollar higher and what it can mean for investors and households: WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? That’s about 30% more and one of the biggest moves the U.S. dollar has made against another currency. The U.S. Dollar index, which measures …

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