OPEC Remains Steady on Demand for Oil in 2022
OPEC said it believes that the Omicron variant will not have as much of an impact as widely feared on Dec. 13, leaving its forecast… Read More »OPEC Remains Steady on Demand for Oil in 2022
OPEC said it believes that the Omicron variant will not have as much of an impact as widely feared on Dec. 13, leaving its forecast… Read More »OPEC Remains Steady on Demand for Oil in 2022
U.S. stocks fell on Monday on worries about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week, while investors watched Apple… Read More »Wall Street Falls on Omicron Worries Ahead of Fed Meeting
OTTAWA—Canada’s central bank has been told to keep the annual pace of price gains at its historic target, but also to help build up the… Read More »BoC to Maintain Inflation Mandate, Will Consider Job Market in Rate Decisions
BERLIN—German wholesale prices rose by 16.6 percent on the year in November, official data showed on Monday, recording their biggest annual rise since data collection… Read More »German Wholesale Prices See Record Jump as Raw Material Costs Soar
U.S. stock futures were up in early trading Monday, as market mood appeared more upbeat as investors look ahead to a Federal Reserve meeting later… Read More »US Stock Futures Push Higher Ahead of Fed Meeting on Stimulus
LONDON—Oil was steady on Monday, but new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on… Read More »Oil Steady but Omicron Risks Weigh
LONDON—World stocks, oil prices, and the dollar firmed on Monday as a generally upbeat mood took hold of world markets ahead of a host of… Read More »Stocks on Firm Ground as Markets Brace for Central Bank Loaded Week
Japan鈥檚 core private-sector machinery orders grew by 3.8 percent in October, marking the first increase in three months as the country鈥檚 economy continues to recover… Read More »Japan鈥檚 Machinery Orders Rise 3.8 Percent, Up for First Time in 3 Months
Homebuyers should “exercise prudence” in taking out new mortgages as interest rates are expected to increase, the Monetary Authority of Singapore (MAS) said in its… Read More »MAS Warns Singapore Homebuyers of Expected Interest Rate Hike
News Analysis Chinese Communist Party’s annual Central Economic Work Conference, where top officials discuss economic priorities for the next year, concluded on Dec. 10. meeting… Read More »As the Economy Slides, Chinese Regime Seek ‘Stability’
Biden administration is seeking to reassure Americans regarding rising inflation, after the Labor Department’s Consumer Price Index (CPI) report showed prices rising at their fastest… Read More »Biden Doubles Down on BBB After Friday’s CPI Report Shows Annual Inflation Increase at 39-Year High
U.S. economy has been cushioned with trillions of dollars in stimulus and relief. With inflation becoming the dominant trend over the last year, the Federal… Read More »Fed Juggles Two Swords: Growth and Inflation
Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain… Read More »Stocks End Higher, Closing out Best Week Since February
Shares of Alibaba Group Holding Limited, Baidu Inc., Tencent Holdings Inc., Xpeng Inc., and Li Auto Inc. fell in Hong Kong on Friday, while JD.Com… Read More »Alibaba, Tencent, and Nio Rivals Xpeng, Li Auto Fall in Hong Kong as Evergrande, Kaisa Default on Payments
China’s sky-high factory inflation, also known as the producer price index (PPI), slowed in November from a 26-year high the month before. factory inflation rose… Read More »China Factory-Gate Inflation Slows in November
Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of… Read More »Inflation Jumps to Highest Level In Nearly 40 Years
U.S. stock index futures edged higher on Friday ahead of an inflation report that could likely strengthened the case for an aggressive policy tightening by… Read More »Futures Rise Ahead of CPI Data; Oracle Shines
Stocks closed lower on Wall Street Thursday as investors tapped the brakes after three days of gains. S&P 500 fell 0.7 percent, and the Nasdaq… Read More »Stocks Close Lower on Wall Street as Rally Momentum Cools
Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their… Read More »Markets Brace for Highest Inflation Print in 39 Years
U.S. stock indexes slipped on Thursday after three straight days of gains following positive updates on the Omicron coronavirus variant, with focus now turning towards… Read More »Nasdaq Leads Wall Street Lower After Sharp Rally This Week
U.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on Thursday,… Read More »US Household Wealth Increase in Q3 Smallest of Pandemic Era, Fed Says
Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data… Read More »Wall Street Closes Lower Ahead of Inflation Data, Fed Meeting
London— euro, pound, and dollar stabilised on Thursday as China’s yuan fell from a 3–1/2-year high and was set for its biggest drop in more than… Read More »Euro Slips, Dollar Rises With Central Banks in Focus; Yuan Drops
TOKYO— total amount of money circulating in Japan rose at the slowest annual pace in 19 months in November, as firms and households saw less… Read More »Japan’s Cash in Circulation Grows at Slowest Pace in 19 Months
Investor risk appetite seemed to moderate early Thursday, with U.S. stock futures dipping and longer-dated U.S. Treasury yields edging down in early trading as attention… Read More »US Stock Futures Dip and Treasury Yields Fall as Friday’s Inflation Report Comes Into View
OTTAWA— Bank of Canada on Wednesday held its key overnight interest rate unchanged, as expected, and said inflation was broadening even as it warned that… Read More »Bank of Canada Keeps Interest Rates Unchanged, Warns of Omicron Uncertainty
ZURICH—Europe’s first cross-border trial of central bank digital currency payments has been described as a success by the central banks of Switzerland and France, though… Read More »Digital Euro, Swiss Franc Trials Were Successful, C.banks Say
Visa is launching a new global network of consultants and product experts providing advisory services to help its clients navigate and understand the world of cryptocurrencies,… Read More »Visa Launches Global Cryptocurrency Advisory Services
Philip Lowe, governor of the Reserve Bank of Australia (RBA), has flagged the possibility of a central bank-backed form of digital currency in the future… Read More »Possibility of an Official Australian Digital Currency in the Future: RBA
OTTAWA—Canada’s central bank has sent a warning that increases in the cost of living would continue into next year, but signalled it wasn’t yet prepared… Read More »Bank of Canada Keeps Key Interest Rate Target on Hold at 0.25 Percent