Global oil market signals short-term weakness ahead of EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plow on. With Wall Street shut for Thanksgiving, it was up to … Read more

Investors batten down ahead of Fed minutes, Eurozone recession fears growing

Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that … Read more

European refiners oversupplied as oil shortage fears subside

LONDON, Nov 18 (Reuters) – European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise. The front-month Brent crude futures spread narrowed sharply this week, reflecting better supply in the physical oil market as fears over the EU embargo on … Read more

Shares cautious, US yield curve deep in recession territory

https://tmsnrt.rs/2zpUAr4 Markets choppy after Fed warnings on rates US yield curve most inverted since 1981 Dollar runs into fresh selling, but off week’s lows SYDNEY, Nov 18 (Reuters) – Asian shares were in a cautious mood on Friday after US Federal Reserve officials fired more warning shots on interest rates, while rising coronavirus cases in … Read more

Asia shares mixed on Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more

Asian shares fall ahead of US CPI, crypto worries mount

https://tmsnrt.rs/2zpUAr4 Dollar stays firm, crypto stokes spillover fears European markets set to open lower China mainland, Hong Kong shares battered by COVID case surge Focus on US inflation for signs of slowdown in Fed rate hike SYDNEY, Nov 10 (Reuters) – Asian share markets pulled back on Thursday and the dollar held its overnight gains … Read more

Morning Bid: Congress unswept, crypto a mess

A look at the day ahead in US and global markets from Mike Dolan. Running market assumptions of a Republican clean sweep of US Congress in Tuesday’s midterm elections appear wide of the mark so far from early results, leaving investors to ponder the implication for the 2024 race for the White House on top … Read more

European stocks hit six-week high on hopes for rate hike slowdown

LONDON, Nov 1 (Reuters) – European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares … Read more

Oil giants’ massive profits revive calls for windfall taxes

Sector lifted by higher oil and gas prices Four of five biggest global oil companies have now reported US President Biden slams energy companies Oct 28 (Reuters) – Global energy giants including Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices … Read more