ECONOMY & MARKETS

U.S. equities rose with Treasury yields on Thursday as investors bet on economic light at the end of the Federal Reserve's rate hiking tunnel, while oil prices rose on supply concerns and sterling rallied as UK Prime Minister Boris Johnson resigned .

U.S. equities were rising with Treasury yields on Thursday as investors looked beyond upcoming rate hikes while oil prices rose with a focus on supply concerns outweighing recession fears.

Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy.

The euro huddled at a two-decade low on Thursday and oil nursed losses as investors fretted about a looming recession, while equities were caught between growth worries and relief that a slowdown might put the brakes on interest rate hikes.

The dollar was little changed after the euro briefly slid to a new two-decade low on Thursday, and sterling held to gains after Boris Johnson said he was quitting as British prime minister.

The safe-haven dollar retreated from near a two-decade high against major peers on Thursday, tracking an easing in Treasury yields, while U.S.

The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed.

The U.S. dollar will remain strong for at least the next three months due to aggressive Federal Reserve interest rate rise expectations and safe-haven appeal stemming from global recession fears, a Reuters poll of foreign exchange analysts showed.

Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.

Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.

Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted.

Oil prices regained some footing on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supplies even as fears of a global recession persisted.

Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession.

Brent crude futures extended declines for a third session on Thursday, slipping under $100 a barrel, as fears of a potential global recession spurred concerns about oil demand.

Oil prices slipped in early Asian trade on Thursday, after hitting a nearly three-month low during the previous session, as fears of a potential global recession spurred concerns about oil demand.

The IMF's managing director, Kristalina Georgieva, said on Wednesday she discussed the implementation of a $44 billion International Monetary Fund program with Argentina's new economy chief, Silvina Batakis.

Rising interest rates and high oil prices are a positive for business even while inflation is taking a toll on African countries, the chief executive of pan-African lender Ecobank said in an interview on Wednesday.

The world's big four central banks are all in an unenviable position of fighting the highest inflation in decades without crashing their economies.

A rally in U.S. energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year.

U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep the Federal Reserve on an aggressive monetary policy path as it battles high inflation.

U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep the Federal Reserve on an aggressive monetary policy path as it battles high inflation.

Canadian government spending is leaving the Bank of Canada to work alone to rein in the highest inflation rate in nearly four decades, economists say.

The Bank of Canada is set to raise its overnight rate by a hefty 75 basis points this month and by another 50 in September, front-loading a campaign to take monetary policy to where it will restrain the economy, according to a Reuters poll of 29 economists.

Sterling, down nearly 12% against the dollar since the start of this year, is likely to regain around half of its lost ground in 2022 over the next 12 months as the Bank of England looks set to continue raising interest rates, a Reuters poll found.

The Mexican central bank's battle with inflation has underscored its autonomy as board members defy pressure from President Andres Manuel Lopez Obrador to keep interest rates lower to help the economy, officials, lawmakers and analysts say.

Wall Street put a seesaw day behind it to close higher on Wednesday, as investors digested new clues on the U.S.

Wall Street ended higher on Wednesday as investors absorbed the minutes from the latest Federal Reserve meeting, which offered new clues on the central bank's rate policy and inflation fight.

U.S. stock indexes slipped on Wednesday as investors awaited minutes from the Federal Reserve's meeting to gauge the health of the economy and the pace of interest rate hikes to stamp out spiking inflation.

U.S. stock indexes dipped on Wednesday after edging briefly higher in the wake of the publication of the minutes from the latest Federal Reserve meeting, which investors had been waiting on for clues on the central bank's rate policy and inflation fight.