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The Bank of Japan is considering conducting a thorough analysis on the country’s price dynamics and whether recent signs of quickening inflation would be sustainable, said two sources familiar with its thinking. The central bank may release some of the findings in a quarterly outlook report due at next week’s policy review and have Governor…
Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas Intermediate (WTI) crude futures slipped, Brent crude futures also is down Data from the U.S. Energy Information Administration on…
U.S. retail investors have been dip-buyers so far in 2022, snapping up equities that funds have shed from their portfolios in light of a more hawkish Federal Reserve, but with a focus on quality stocks as opposed to speculative names. Growth and technology stocks, which typically generate lower returns in higher-interest rate environments, have had…
The United States reported 1.35 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total for any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing. The previous record was 1.03 million cases on Jan. 3. A large number of cases…
European stock markets are expected to open marginally higher Monday, with investors wary at the start of a week that includes the release of key U.S. inflation data and comments from Federal Reserve Chairman Jerome Powell. Global stock markets will be focusing squarely on the latest U.S. inflation data this week, with strong numbers potentially…
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other…
The U.S. economy posted fewer jobs than expected for a second straight month in December, but the government’s monthly report still pointed to ongoing inflationary pressures coming from the labor market. The Labor Department said nonfarm employment rose by only 199,000 through the middle of the month. That’s only half the expected 400,000 and a…
Following the Federal Reserve Monetary Policy Meeting Minutes release, the US will publish the December Nonfarm Payrolls report. The country is expected to have added 400K new jobs positions after gaining 210K in November. Oil prices pared earlier gains after China, the world’s top crude importer, lowered the first batch of 2022 import quotas to…
Bitcoin could see further upside and a surge as high as $100,000 by the middle of 2022, according to Antoni Trenchey of the cryptocurrency lender Nexo also according to analysts at Goldman Sachs. The world’s largest cryptocurrency by market cap was trading at $46,170.43 as of 8:42 p.m. ET Monday, according to data from Coin…
Oil prices surrendered earlier gains on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply later on Tuesday amid diminishing concerns over the spread of the Omicron variant of COVID-19. “Number one driver (of global oil prices) at the moment is management of the supply side of the…
There has been no looking back for crude oil since prices plunged briefly below $0 in spring 2020. The energy counter has made a strong comeback since then and sustained a robust rally in 2021. From the very beginning of the year. There has been an unrelenting up move with little pauses in between, where…
Gold was up on Friday morning in Asia but is set for its biggest yearly decline in six years. Gold futures were up, the dollar, which normally moves inversely to gold, inched up on Friday. Benchmark 10-year U.S. Treasury yields fell from one-month highs on Thursday. The yellow metal has fallen 4% so far in…
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections. Brent crude futures fell as crude futures also slid after six straight sessions of gains. Oil prices…
Dollar near one-week low as Omicron fears ease; lira extends rally The dollar index flatlined near a one-week low on Thursday, as fears of fallout from the Omicron COVID variant eased, boosting higher risk currencies such as the Australian dollar and British pound. However, data on Wednesday showed U.S. consumer confidence improving more than expected…
Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures edged up, Brent crude futures also rose “The bias is positive over optimistic…
Stocks fell and oil prices slid more than 3% on Monday as surging Omicron COVID-19 cases triggered tighter curbs in Europe and U.S. growth prospects dimmed after a $1.75 trillion domestic investment bill suffered a potentially fatal blow. The spread of the Omicron variant saw the Netherlands go into lockdown on Sunday and put pressure…
European shares inched higher on Monday, lifted by economically sensitive sectors, ahead of monetary policy decisions by some of the world’s largest central banks that could potentially include an early end to U.S. policy stimulus. The pan-European benchmark STOXX 600 was up, Asian stocks tracked Wall Street gains after U.S. inflation data, which was well…
Oil stocks helped drive a rebound in European stocks on Monday after sharp losses late last week when fears about the Omicron variant and the U.S. monetary policy outlook weighed on investor sentiment. The pan-European STOXX 600 edged up, with the energy sector also climbing. Oil prices rose after top exporter Saudi Arabia hiked prices…
The arrest of Macau’s junket mogul is expected to shrink business in the world’s largest gambling hub, with authorities in China this week underlining their intent to crack down on what they see as a dangerous outflow of funds from the mainland. Alvin Chau, the CEO of gambling group Suncity Group Holdings Ltd and founder…
The dollar was up on Monday morning in Asia, with investors slowly regaining their risk appetite after the discovery of the omicron COVID-19 variant. However, caution remained as research continues on this new strain. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up after falling to a one-week…