ECONOMY & MARKETS

Oil Falls, Pressured By China Lockdowns, Reserves Release

An oil & gas pump jack is seen near Granum, Alberta, Canada May 6, 2020.
Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued.
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Italy's Prime Minister Mario Draghi speaks during a joint news conference with Italy's Economy Minister Daniele Franco (not pictured) on the government's new fiscal targets in Rome, Italy, September 29, 2021.

Italy Cuts Growth Impact Of Recovery Plan, EU Funds

Italy has reduced its estimates for the economic growth impact of European Union funds and reforms connected with its Recovery Plan, a Treasury document showed on Friday, saying the cash will be spent more slowly.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Dow, S&P 500 Rise As Banks Jump

The S&P 500 and the Dow rose in choppy trading on Friday, boosted by a jump in banking stocks at the end of a volatile week marked by concerns around aggressive moves by the U.S.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Dow Gains, S&P 500 Slips As Market Mulls Fed Rate Hikes

The Dow rose and the S&P 500 edged lower in choppy trade on Friday, with bank shares rising as investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Dow Gains, S&P 500 Slips As Market Weighs Fed Rate Hikes

The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation.
A sign is seen on the door of a JP Morgan Chase branch in New York March 26, 2009.

U.S. Bank Earnings To Decline In First Quarter

Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and trading, and funds set aside for loan losses being released.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Global Stocks Rebound But Set For Weekly Loss

European shares rebounded on Friday but world stocks were still on track for their first weekly loss in four as the prospect of aggressive global rate hikes and geopolitical risks rattled investors.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

European Stocks Rebound, Dollar Index Hits 100

European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S.

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