BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
Global oil markets are bracing for another wild week after the United States launched direct strikes on Iranian territory over the weekend, raising fears of a retaliatory escalation that could threaten vital energy infrastructure and shipping lanes in the Middle East. Prices spiked to their highest levels in five months in early trading on Monday…
Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…
Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end. The Hang Seng Index’s gains extended an impressive start to the year, with the emergence of…
Global shares climbed up on Monday, buoyed by a weakened yen and the fallout from Japan’s recent parliamentary elections, which saw the ruling party lose its majority in the lower house. In Europe, France’s CAC 40 rose 0.7 percent to 7,552.94, while Germany’s DAX went up by half a percent to 19,549.65. The UK’s FTSE…
U.S. stocks were hovering near record levels on Friday as the price of Netflix surged and despite CVS Health experiencing a notable decline following mixed reports about its profits. The S&P 500 rose 0.1 percent in early trading, inching closer to its all-time high that was reached earlier this week. Meanwhile, the Dow Jones Industrial…
Asian stocks were set for a cautious start after losses in the US, with traders preparing for Chinese markets to reopen following a week-long holiday. Futures showed Tokyo shares falling, with Hong Kong and Sydney benchmarks inching lower after Wall Street was dragged down by a tech selloff, geopolitical angst and bets on a smaller…
Oct 03, 2024 01:10 PM IST Global oil prices rose for a third consecutive day, reaching towards $75 a barrel, after Israel and the US vowed at retribution towards Iran Rising tensions between Israel and Iran in the Middle East has sent global crude oil prices rising, and this can potentially worsen now that Iran…
Demonstrators gather in a rally celebrating after Iran launched a barrage of missiles at Israel in … [+] response to the killings of Hezbollah’s leader Hassan Nasrallah and other Iran-backed militants outside Imam Jaafar Sadiq Mosque in Tehran’s Palestine Square on October 1, 2024. Reports said Iran fired between 150 and 200 missiles in the…