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

Sterling crumbles to all-time nadir, euro at 20-year low

Sterling crumbles to all-time nadir, euro at 20-year low

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 26 (Reuters) – Sterling crashed to a record low on Monday as traders scampered for the exits on mounting concern that the new government’s economic plan will stretch Britain’s finances … 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

Sterling collapses as investors fly into dollars

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE response Euro down 1%; Aussie, kiwi, yuan hit multi year lows S&P 500 futures drop 0.6% SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of … Read more

China says protracted Ukraine crisis not in the interests of all parties

China says protracted Ukraine crisis not in the interests of all parties

China’s Foreign Minister Wang Yi attends a high level meeting of the United Nations Security Council on the situation amid Russia’s invasion of Ukraine, at the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com … Read more

Britain bets all on historic tax cuts and borrowing, investors take fright

Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts suffer biggest slump in decades Pound falls to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic … Read more

Goldman Sachs cuts 2022 target for S&P 500 by 16%

Goldman Sachs cuts 2022 target for S&P 500 by 16%

People wearing masks, following the coronavirus disease (COVID-19) outbreak, are seen near an electronic board showing Dow Jones and S&P 500 stock indexes, at the Lujiazui financial district in Shanghai, China November 9, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – Goldman Sachs has cut its … Read more

Wall Street ends down for third day as growth concerns weigh on tech

Wall Street ends down for third day as growth concerns weigh on tech

Register now for FREE unlimited access to Reuters.com Register Tech stocks down in aftermath of Fed’s latest rate move Investors concerned about possibility of recession Darden Restaurants falls on downbeat quarterly sales JetBlue posts lowest close since March 2020 Indexes down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37% Sept 22 (Reuters) – Major Wall Street indexes … Read more

Japan intervenes to stop yen slide, after BOJ holds rates super low

Japan intervenes to stop yen slide, after BOJ holds rates super low

BOJ keeps ultra-low rates, dovish policy guidance Japan’s FX diplomat said took ‘decisive’ action Confirmation of intervention sends dollar sliding over 2% Analysts doubt whether Tokyo can keep propping up yen Bank of Canada says did not help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy … Read more

Bank of England raises rates to 2.25%, despite likely recession

Bank of England raises rates to 2.25%, despite likely recession

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 22 (Reuters) – The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond forcefully, as necessary” to inflation, despite the economy entering recession. The BoE estimates Britain’s economy will shrink 0.1% in … Read more