Wall St posts third straight quarterly loss as inflation weighs, recession looms

Wall St posts third straight quarterly loss as inflation weighs, recession looms

S&P 500 notches largest September percentage drop in 20 years All three major U.S. stock indexes post three-quarter slumps Core inflation data hotter than expected Indexes down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed the books on its steepest September decline in two decades on Friday, … Read more

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

BP, Chevron cut offshore oil production ahead of Hurricane Ian Iraq says OPEC monitoring prices, seeks market balance Coming up: API supply report at 4:30 p.m. EDT, 2030 GMT NEW YORK, Sept 27 (Reuters) – Oil rose more than $1 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs … Read more

Oil prices fall for a second day on concerns for expected recession

Oil prices fall for a second day on concerns for expected recession

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by … Read more

London copper price hits two-month low on strong dollar

London copper price hits two-month low on strong dollar

A worker checks copper wires at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam August 11, 2017. REUTERS/Kham Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – London copper prices hit a more than two-month low on Monday, as a stronger dollar made greenback-priced metals more expensive … Read more

Fed feeds recession fears, Japan steps in to support yen

Fed feeds recession fears, Japan steps in to support yen

Fed surprises with aggressive hike projections Japan intervenes in FX as dollar/yen breaks 145 Central bank bonanza as UK, Switzerland and Norway hike LONDON, Sept 22 (Reuters) – World stocks were close to a two-year low and Japan was forced to intervene to prop up the yen for the first time since 1998 on Thursday … Read more

Oil stocks lift London’s FTSE 100 amid Russia angst as Fed looms

Oil stocks lift London’s FTSE 100 amid Russia angst as Fed looms

Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall/File Photo Register now for FREE unlimited access to Reuters.com Register Oil stocks track firm crude prices as Putin mobilises more troops BAE Systems rises along with European defence peers UK housing stocks rise on potential cut in stamp duty … Read more

Oil dips on recession fears; supply concerns limit declines

Oil dips on recession fears; supply concerns limit declines

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 19 (Reuters) – Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth … Read more

Wall St staggers to higher close as Fed rate hike looms

Wall St staggers to higher close as Fed rate hike looms

Register now for FREE unlimited access to Reuters.com Register Market sees 22% likelihood of a 100 bps rate hike from Fed -CME Railroad stocks drop amid negotiations to avoid strike Indexes up: Dow 0.10%, S&P 0.34%, Nasdaq 0.74% NEW YORK, Sept 14 (Reuters) – Wall Street ended a directionless session higher on Wednesday as an … Read more

“Super bearish” fund managers’ allocation to global stocks at all-time low, Bank of America survey shows

“Super bearish” fund managers’ allocation to global stocks at all-time low, Bank of America survey shows

A sign for a Bank of America office is pictured in Burbank, California August 19, 2011. Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank’s $1 trillion pile of problem home mortgages. REUTERS/Fred Prouser/File Photo Register now for … Read more

Dollar eyes longest losing streak in a year, stocks up ahead of U.S. inflation data

Dollar eyes longest losing streak in a year, stocks up ahead of U.S. inflation data

Register now for FREE unlimited access to Reuters.com Register Dollar on course for 5th straight drop ahead of CPI data European gas prices drop again as Ukraine war turns World stocks, Wall Street and oil on course for 5th day of gains LONDON, Sept 13 (Reuters) – The dollar was heading for its longest losing … Read more