Global equities fell and the U.S. dollar advanced on Wednesday after stronger-than-expected economic data helped assuage concerns of high inflation and an impending recession driven partly by rising oil prices.
European stocks made slim gains on Wednesday, with the dollar strengthening as investors fretted over soaring inflation and the hit on global growth from looming interest rate rises.
Global stocks fell and bond yields rose on Wednesday, while the dollar strengthened, as investors fretted over soaring inflation and the impact on global growth from looming interest rate rises.
The Bank of Japan must maintain its massive monetary stimulus as inflation has yet to sustainably achieve its 2% target, deputy governor Masazumi Wakatabe said on Wednesday, stressing the need to create an environment in which wages can rise faster.
South Korea's exports grew at a faster pace in May than a month earlier as a rise in shipments to Europe and United States more than offset disruptions to trade with China from its strict COVID restrictions.
Japanese firms raised capital spending for a fourth straight quarter from January to March, underscoring the resilience of business investment led by manufacturers despite uncertainty over the COVID-19 pandemic and the war in Ukraine.
Australian home prices broke a 20-month winning streak in May as falls accelerated in Sydney and Melbourne amid rising interest rates and a cost-of-living crunch.
Canadian house price inflation will slow to 10% this year as the Bank of Canada raises interest rates aggressively, a Reuters poll of property market experts found.
The head of the U.S. Senate Banking Committee on Tuesday called on Wells Fargo & Co Chief Executive Charles Scharf to "finally" address weaknesses at the bank, including "governance, risk management, and hiring practices." .
The Czech treasury is looking at adding a new euro-denominated bond this year and issuing treasury bills in euros for the first time, taking advantage of its debt being newly accepted as collateral in European Central Bank operations, the country's debt chief said on Tuesday.
A rebound in U.S. stocks may have another 5% to go but likely remains just a "bear market rally," according to Morgan Stanley's equity strategist, who sees negative trends in corporate earnings and economic indicators.
Colombia's peso and stock exchange closed higher on Tuesday, in the first session since the contest to elect the country's next president narrowed to two candidates, including business-friendly construction magnate Rodolfo Hernandez.
U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big ticket items, including motor vehicles and houses, which could curtail economic growth.
U.S. Deputy Treasury Secretary Wally Adeyemo said on Tuesday that the Biden administration is considering whether to cut some tariffs on Chinese goods, but needs to balance short-term price reduction goals against the longer-term need to address unfair competition from China.
Affirm Holdings Inc is partnering with digital payments processor Stripe Inc to offer buy now, pay later services to Stripe users in the United States.
Canada's economic growth was not as robust as expected in the first quarter, dragged by lower export volumes, official data showed on Tuesday, though activity was bang-on central bank projections and unlikely to sway plans for an oversized rate hike in June.
Canada's economy was not as robust as expected in the first quarter, but had momentum heading into the second, official data showed on Tuesday, reinforcing the likelihood of another oversized rate hike from the central bank this week.
Mining and commodity trading giant Glencore has helped to fund Zambia's Mopani Copper Mines as the company has been unable to pay its bills on time and the state has yet to find a new investor more than a year after it took over the complex.
Canada's main stock snapped its recent winning streak on Tuesday, pressured by a drop in resource shares, as investors grew more nervous that central banks would hike interest rates aggressively to tame inflation.
Canada's main stock index looked to break a seven-day winning streak on Tuesday, as prospects of aggressive monetary tightening by central banks stoked concerns of a global economic slowdown.
U.S. President Joe Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation drains Americans' pocketbooks.
Wall Street's three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.
The S&P 500 closed lower on Tuesday after a three-session rally as volatile oil trading kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.
The S&P 500 fell slightly on Tuesday after a three-session rally as volatile trading in oil prices kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.
U.S. stocks traded mixed on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus on talks between U.S.
With the Federal Reserve set to begin letting bonds mature off its $9 trillion balance sheet, the key metric to watch will be whether Treasury volatility picks up a result in a market already suffering bouts of low liquidity.
Sri Lanka's cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country's crippling economic crisis, hiking value added taxes and corporate income tax, and slashing the relief given to individual taxpayers.
A potential halt of energy imports from Russia would have a negative short-term economic impact of eroding gross domestic product for the European Union as a whole by between 2.5% and 4.2%, Spain's central bank said on Tuesday.
Japan dropped a timeframe for balancing its primary budget in a draft mid-year economic policy roadmap on Tuesday, in an apparent move to meet growing calls for stimulus spending to reflate the pandemic-hit economy.
Euro zone inflation rose to another record high in May, boosting government bond yields as markets saw the data as a challenge to the European Central Bank's view that gradual interest rate increases from July will be enough to tame fast price growth.
