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Rouble tumbles to near eight-month low vs dollar

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Rouble tumbles to near eight-month low vs dollar

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 22 (Reuters) – The rouble slumped to its weakest since late April past 72 against the dollar on Thursday as fears over the impact of sanctions on Russian oil and gas took the currency’s losses this … Read more

Oil bounces as China demand hopes offset recession fears

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Oil bounces as China demand hopes offset recession fears

Reopening of Chinese economy buoys demand hopes Rising interest rates and recession fears weigh U.S. to begin purchases for strategic reserve LONDON, Dec 19 (Reuters) – Oil rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, … Read more

Wall St surges as CPI data calms jitters over aggressive rate hikes

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Wall St surges as CPI data calms jitters over aggressive rate hikes

Consumer prices rise moderately in Nov Growth stocks shoot up as yields fall Pinterest up on Piper Sandler rating upgrade Indexes up: Dow 1.73%, S&P 2.68%, Nasdaq 3.80% Dec 13 (Reuters) – Wall Street’s main indexes rallied on Tuesday, led by rate-sensitive growth stocks, after a smaller-than-expected rise in U.S. consumer prices raised hopes that … Read more

Options traders brace for big swings as U.S. CPI data, Fed meeting loom

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Options traders brace for big swings as U.S. CPI data, Fed meeting loom

NEW YORK, Dec 12 (Reuters) – Options traders are bracing for a week of swings in U.S. stocks ahead of key inflation data, the Federal Reserve’s last policy meeting of 2022 and the final monthly options expiration of the year. Inflation data and the Fed’s outlook on monetary policy could give traders more clarity on … Read more

Global shares ease as central bank rate hikes loom

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Global shares ease as central bank rate hikes loom

Crude oil prices ease Dollar little changed U.S. CPI on Tuesday, Fed meeting on Wednesday ECB, BOE rate decisions on Thursday LONDON, Dec 12 (Reuters) – Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto … Read more

Wall Street ends lower as investors digest economic data

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Wall Street ends lower as investors digest economic data

U.S. producer prices increase in November Consumer sentiment improves in December Lululemon tumbles after downbeat forecast Indexes close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the U.S. Federal Reserve at … Read more

Oil prices down on prospect of Keystone resumption, weakening demand

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Oil prices down on prospect of Keystone resumption, weakening demand

Keystone pipeline shut after oil spill into Kansas creek Both oil benchmarks hit 2022 lows on Wednesday China’s easing of COVID curbs to support demand Economic and rate hike fears still weigh U.S. crude stocks drop, fuel stocks rise NEW YORK, Dec 8 (Reuters) – Oil prices edged lower on Thursday on the prospect of … Read more

Oil gives up the year’s gains, closing at 2022 low

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Oil gives up the year’s gains, closing at 2022 low

Brent crude closes at its lowest level this year U.S. fuel stocks build more than expected China’s relaxation of COVID curbs to support demand Investors wary over recession warnings, rate hike outlook HOUSTON, Dec 7 (Reuters) – The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains … Read more

Stocks slide, dollar steady as market gauges Fed’s rate policy

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Stocks slide, dollar steady as market gauges Fed’s rate policy

NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar held steady as the market assesses how long the Federal Reserve keeps interest rates higher and the likelihood that policy provokes a recession. U.S. stocks followed European shares lower, with all sectors in the … Read more

Oil prices climb after Russian crude sanctions kick in

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Oil prices climb after Russian crude sanctions kick in

Oil futures edge higher after falling more than 3% last session G7 price cap on Russian oil kicks in China set to further relax COVID controls Dec 6 (Reuters) – Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased … Read more