Stocks firm, dollar on edge ahead of Fed decision

Stocks firm, dollar on edge ahead of Fed decision

US wage growth slows, Wall Street recovers MSCI AxJ index up 0.6%; flat dollar All eyes on Fed announcement at 7:00 p.m. GMT SINGAPORE, Feb 1 (Reuters) – Asian stock markets stabilized on Wednesday as signs of a slowdown in U.S. wages bolstered hopes the Federal Reserve could hint at an end to interest rate … Read more

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net income of $56 billion for 2022, the company announced Tuesday, bringing in about $6.3 million per hour last year and setting not only a record for the company, but also an all-time high for the western oil industry. The oil majors are expected to … Read more

Asian stocks turn wary as rates rise and earnings loom

Asian stocks turn wary as rates rise and earnings loom

https://tmsnrt.rs/2zpUAr4 The Fed increased by 25 basis points this week, the ECB and the BOE by 50 basis points Tech giants top the list of results China shares share as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian stocks turned wary on Monday ahead of a week that is certain to see interest rates … Read more

Stocks, dollar gain on the pace of a Fed soft landing

Stocks, dollar gain on the pace of a Fed soft landing

Investors eye major central bank meetings next week Wall Street and major European stock markets end higher Dollar holds gains after US economic data Oil prices stabilize lower on stronger supply outlook NEW YORK, Jan 27 (Reuters) – Global stocks rallied and the dollar edged higher from an eight-month low on Friday as softer inflation … Read more

Morning auction: technological tonic, rethinking the recession

Morning auction: technological tonic, rethinking the recession

A look at the day ahead in the US and global markets from Mike Dolan. Inflated hopes for U.S. tech sector earnings in a busy week for corporate updates have generally paired with the latest sign that Europe may have dodged a winter recession. With Microsoft (MSFT.O) at the top of the reports of the … Read more

Canada’s energy jobs transition bill stirs divisiveness in oil heartland

Canada’s energy jobs transition bill stirs divisiveness in oil heartland

Jan 22 (Reuters) – In western Canada’s oil sector, controversy rages over federal government legislation to help the fossil fuel workforce transition to a greener economy, but union and community leaders warn that the politicization of the Just Transition Bill is obscuring the needs of workers. Prime Minister Justin Trudeau’s Liberal government is expected to … Read more

Asia market share losses widen after weak GDP data from China

Asia market share losses widen after weak GDP data from China

HONG KONG, Jan 17 (Reuters) – Losses in Asian stocks widened on Tuesday after China released weak economic data in the fourth quarter, although investor expectations for a strong rebound in the country remained elevated as even as concerns grow that the global economy is heading into a recession. London is expected to open flat … Read more

Asian stocks cautious, BOJ faces critical policy decision

Asian stocks cautious, BOJ faces critical policy decision

https://tmsnrt.rs/2zpUAr4 BOJ under heavy pressure as it defends yield policy BOJ’s capitulation could lift the yen and hurt global bonds More profits to come, many central bank speakers SYDNEY, Jan 16 (Reuters) – Asian stocks started cautiously on Monday as investors nervously waited to see whether the Bank of Japan (BOJ) will defend its sweeping … Read more

Yen soars as market defies BOJ, stocks encourage lower inflation

Yen soars as market defies BOJ, stocks encourage lower inflation

Rate expectations fall after US inflation slows Asian stocks at 7-month high JGB yields top BOJ cap as policy shift bets rise SINGAPORE/TOKYO, Jan 13 (Reuters) – Asian stocks rose on Friday as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields topped the charts. central … Read more

Stocks hold onto gains ahead of US inflation test

Stocks hold onto gains ahead of US inflation test

Global stocks rise an inch; dollar close to 7-month lows Yen gains on BOJ report to examine effects of policies Eyes on the US CPI due at 13:30 GMT Eurozone Treasuries and bonds contribute to gains MILAN, Jan 12 (Reuters) – Global stocks held up modest gains on Thursday on cautious optimism that U.S. data … Read more