The euro dropped to its weakest since 2017 on Wednesday after Russia halted gas supplies to Bulgaria and Poland amid rising investor concerns for the regional economy, while stocks staged a small rebound after a mixed bag of corporate earnings.
Key U.S. equity indexes ended higher after choppy trade on Wednesday on a boost from strong earnings from Microsoft and Visa, as commodity stocks lifted European shares to their first gain in four sessions.
Australian consumer prices surged at the fastest annual pace in two decades last quarter as petrol, home building and food costs all climbed, spurring speculation interest rates could rise as soon as next week.
Australian consumer prices surged at the fastest annual pace in two decades last quarter as petrol, home building and food costs all climbed, fueling speculation interest rates could rise from record lows as soon as next week.
The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of U.S.
The euro fell below $1.06 for the first time in five years against a broadly strong U.S.
The euro fell below $1.06 for the first time in five years against a broadly strong U.S.
The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region.
Oil prices extended gains in early Asian trade on Wednesday as geopolitical tensions simmered with Russia warning of gas supply cuts to Poland and Bulgaria while hopes of Chinese economic stimulus buoyed oil demand outlook.
Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, while lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices.
Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe's biggest economy Germany was speeding up plans to wean itself off Russian oil while coronavirus outbreaks clouded China's economic outlook.
Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and as coronavirus outbreaks cloud the economic outlook in China, the world's biggest importer of crude oil.
Oil prices rose modestly on Wednesday due to ongoing concerns about tight worldwide supply, underscored by another drawdown in U.S. distillate and gasoline inventories.
South Koreans expect inflation to average around 3.1% over the next 12 months, led by rising global energy prices, the highest they have anticipated in nine years, according to a Bank of Korea survey of consumers released on Wednesday.
U.S. investors have apparently been losing their appetite to "buy the dip" during Wall Street's recent slide, further eroding support for a market pummeled by worries over everything from tightening monetary policy to the war in Ukraine.
Ecuador could reduce this year's fiscal deficit more than it predicted, if crude prices remain high and it is able to sell a state-owned bank, President Guillermo Lasso said on Tuesday, adding the country still requires significant private investment to create jobs.
Britain's financial services minister said on Tuesday that the European Union would find it hard to replace London for clearing trillions of euros in derivatives, and that the limited shift in activity so far was not gathering pace.
Rapidly rising prices and falling real incomes are encouraging households to postpone purchases of durable goods such as home appliances and cars, a signal that often accompanies a slowdown in the business cycle.
Rapidly rising prices and falling real incomes are encouraging households to postpone purchases of durable goods such as home appliances and cars, a signal that often accompanies a slowdown in the business cycle.
If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and full currency convertibility, the International Monetary Fund's No.
Federal Reserve Governor Lael Brainard received enough votes in the U.S.
The European Union is considering options to cut imports of Russian oil as part of possible further sanctions against Moscow over its invasion of Ukraine, but none has been formally proposed as governments assess their impact.
The Bank of England looks set to take its first steps next week towards selling some of the 875 billion pounds ($1.11 trillion) of government bonds it amassed between 2009 and 2021, leading markets into uncharted territory.
U.S. private equity firm Ripplewood said on Tuesday it was planning to list a special purpose acquisition company (SPAC) in Amsterdam in what will be this year's second listing of a blank cheque vehicle on the Dutch stock exchange.
New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices.
New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices.
The tech-heavy Nasdaq slumped more than 2% on Tuesday as nerves around Big Tech earnings this week added to worries over slowing global growth and a more hawkish Federal Reserve.
The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as nerves ahead of earnings from megacap growth and technology companies added to concerns over slowing global growth and a more aggressive Federal Reserve.
Wall Street tumbled on Tuesday, led lower by the Nasdaq as investors worried about slowing global growth and a more aggressive Federal Reserve, and with quarterly reports from Alphabet and Microsoft on tap after the bell.
Wall Street ended sharply lower on Tuesday, led by the Nasdaq as investors worried about slowing global growth and a more aggressive Federal Reserve, and with Alphabet and Microsoft falling ahead of their quarterly reports to be released after the bell.
