Tag: stocks
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Stocks sink, yields at multi-decade highs and oil spikes on Mideast flare-up
Markets across Asia were down, with tech firms – which rely on low borrowing rates to fuel their investments – dragging Tokyo and Seoul.
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Dollar rallies after Fed chief lifts rate expectations
NEW YORK: Wall Street stocks dipped while the dollar rallied Friday (Aug 28) after Federal Reserve chief Kevin Warsh flagged fighting high inflation as a priori
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Most Asian stocks advance as attention turns to Warsh speech
HONG KONG: Asian stocks mostly rose on Friday (Aug 28) ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors will be parsing for clues about the outl
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Nvidia boosts tech stocks but caution dominates ahead of Fed speech
NEW YORK: Blockbuster earnings from AI chip behemoth Nvidia boosted technology stocks Thursday (Aug 27), but broader market movements were lackluster as investors awaited a key speech by the US Federal Reserve chairman on the prospects for the world’s biggest economy.While inflation and ri
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Stocks mixed as oil drops, US inflation stays high
NEW YORK: Wall Street stocks finished lower Wednesday (Aug 26) after US inflation came in steady but elevated as markets traded cautiously ahead of earnings from Nvidia and a widely anticipated Federal Reserve speech.The S&P 500 finished a hair lower and the Dow slipped 0.2 per cent fo
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Oil down as traders weigh US sanctions threat against Iran
Brent crude fell below US$90 a barrel, while US stocks rose as markets reacted positively to softer-than-expected sanctions and positive talks between Pakistan and Iran.
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Oil prices fall as Bessent outlines new steps to punish Iran
Markets were in a cautious mood after the US Treasury Secretary announced new sanctions on Iran, with an analyst describing market moves as “pretty muted” ahead of what could be an “eventful week.”
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US bond selloff resumes despite Treasury intervention
NEW YORK: Yields on longterm US Treasury bonds rose Thursday (Aug 20) despite a fresh pledge from US Treasury Secretary Scott Bessent to potentially intervene further in a bid to lower borrowing costs.All three major US indices fell decisively, following a down day on leading European bour
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Stocks waver, dollar drops as US Treasury moves to lower bond yields
NEW YORK: Stock markets mostly rose on Wednesday (Aug 19) and the dollar fell sharply after the US Treasury signalled action to push down government bond yields, easing fears that higher borrowing costs would weigh on economic growth worldwide.Oil prices again moved higher on doubts of any quick deal to
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Tech leads losses as Asian stocks track Wall Street selloff
HONG KONG: Technology stocks were back in the crosshairs of investors on Wednesday (Aug 19), taking another heavy blow from a spike in bond yields, rising oil prices, persistent inflation and dimming hopes for a deal to reo
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