Wall St ends lower after choppy trading from rising recession worries

Wall St ends lower after choppy trading from rising recession worries

Apple down after Morgan Stanley cuts Dec shipment target Tesla falls on production loss worries Dec 7 (Reuters) – Wall Street’s main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve’s monetary policy tightening might feed through into corporate … Read more

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

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

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meet points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

Wall Street dragged by recession fears, S&P on track for 4th decline

Wall Street dragged by recession fears, S&P on track for 4th decline

Meta falls on report of EU concern over targeted ads Energy stocks drop as crude trades at lowest level since Jan Indexes down: Dow 1.39%, S&P 1.78%, Nasdaq 2.22% Dec 6 (Reuters) – Wall Street benchmarks tumbled again on Tuesday, with the S&P 500 on course for a fourth straight decline, as uncertainty around the … Read more

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

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

Indonesia bans sex outside marriage in new criminal code

Indonesia bans sex outside marriage in new criminal code

New criminal code ushers in controversial changes Sex outside marriage, insulting the president banned New laws will hamper tourism, investment, critics say JAKARTA, Dec 6 (Reuters) – Indonesia’s parliament approved a new criminal code on Tuesday that bans sex outside marriage with a punishment of up to one year in jail, despite worries the laws … Read more

Exclusive: China may announce 10 new COVID easing steps on Wednesday

Exclusive: China may announce 10 new COVID easing steps on Wednesday

HONG KONG, Dec 5 (Reuters) – China may announce 10 new COVID-19 easing measures as early as Wednesday, two sources with knowledge of the matter told Reuters, supplementing 20 unveiled in November that set off a wave of COVID easing steps nationwide. Three years of zero-tolerance measures, from shuttered borders to frequent lockdowns, have battered … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

S&P 500 ends slightly lower after jobs report

S&P 500 ends slightly lower after jobs report

Job growth beats expectations Unemployment rate steady at 3.7% Ford falls on lower November vehicle sales Dow up 0.1%, S&P 500 down 0.12%, Nasdaq down 0.18% NEW YORK, Dec 2 (Reuters) – The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls … Read more

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve … Read more