Oil prices edged higher on Friday, still above $100 a barrel, but were set for a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market.
The Bank of Japan is set to maintain its massive stimulus on Friday and focus on risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier amid a global shift towards tighter monetary policy.
China's stance on Russia's war in Ukraine over the coming months will reshape global flows of money and trade, possibly leading to the emergence of new economic spheres, investors say.
The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another month of solid job gains.
Investors scaled back their expectations for future Bank of England interest rate rises this year, sending British bond prices sharply higher, after the BoE hiked again on Thursday but softened its language about further tightening.
A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said.
A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said.
U.S. stock index futures edged lower on Thursday as Russia tempered expectations around peace talks with Ukraine after a Federal Reserve interest rate hike fueled a Wall Street rally a day earlier.
U.S. stock indexes were set to open lower on Thursday as investors assessed the Federal Reserve's hawkish stance in the face of surging inflation, while keeping a wary eye on developments around the Ukraine crisis.
U.S. stocks edged higher on Thursday after a sharp rally in the previous session as the Federal Reserve raised interest rates, while investors closely tracked the Russia-Ukraine peace talks.
U.S. stocks added slightly to the previous session's rally on Thursday as investors considered the path laid out by the Federal Reserve for interest rate hikes, while closely tracking Russia-Ukraine peace talks.
All three of Wall Street's major indexes advanced more than 1% on Thursday as investors considered the Federal Reserve's path for interest rate hikes and worries eased about the prospects of a Russian default after creditors received payments.
India's macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India said in its monthly bulletin on Thursday.
Gold rose on Thursday after the U.S. Federal Reserve's first interest rate hike in three years bore no surprises, with gains underpinned by a drop in the dollar and U.S.
Gold rose on Thursday after the U.S. Federal Reserve's first hike in borrowing costs in three years bore no surprises, with gains underpinned by a drop in the dollar and U.S.
Gold rose 1% on Thursday, supported by a retreat in the U.S. dollar and Treasury yields, with investors cautiously watching the developments of talks between Russia and Ukraine.
European stocks gained in choppy trading on Thursday, a day after the Federal Reserve's widely anticipated U.S. interest rate hike, as investors eyed Russia-Ukraine peace talks.
U.S. politicians know high inflation can bring careers in public office to an early end, but it is ultimately up to the unelected officials of the Federal Reserve to control what is considered first and foremost a "monetary phenomenon." .
Hong Kong led strong gains in Asian stock markets on Thursday, buoyed by signs of progress in peace talks between Russia and Ukraine and by expectations of more support for China's wobbly economy.
Europe's stock markets consolidated strong gains made in Asia on Thursday, after China signalled more support for its spluttering economy and the Federal Reserve had pressed ahead with the first U.S.
Wall Street was set to trim some of the strong gains made in Asia on Thursday, after China had signalled more support for its spluttering economy and both the Fed and Bank of England pressed on with interest rate hike plans.
Wall Street stocks rebounded from early session losses on Thursday as investors weighed economic implications of the Federal Reserve's surprisingly aggressive interest rate stance, while oil prices surged on supply shortage concerns arising from the Russia-Ukraine conflict.
U.S. interest rates are on a far steeper and faster climb than previously anticipated following the Federal Reserve's liftoff on Wednesday, bringing to an end zero-interest-rate policy, or "ZIRP," that has been mostly in place since the 2008 Great Financial Crisis.
By Ahmad GhaddarLONDON -Oil prices climbed 6% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S.
Oil prices climbed 8% on Thursday, extending a series of wild daily swings, as the market rebounded from several days of losses with a renewed focus on supply shortages in coming weeks due to sanctions on Russia.
Japanese households accumulated a record $17 trillion in financial assets as of December last year, roughly four times the size of its economy, as the COVID-19 pandemic kept consumers housebound, saving their money instead of spending it.
The Bank of England looks set to press on with raising interest rates on Thursday as it tries to stop soaring inflation from becoming engrained in the British economy.
Nearly 70% of Japanese firms expect the fall-out from the crisis in Ukraine to hurt earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern.
Nearly 70% of Japanese firms expect the fall-out from the crisis in Ukraine to hurt earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern.
Western sanctions and other actions to punish Russia over its invasion of Ukraine will impose costs on the United States and its allies, and policymakers needed to consider how to mitigate those impacts, U.S.