Markets

European shares and US futures edged higher, but global stocks headed for a fifth straight week of losses. Oil steadied above $100 a barrel in its most volatile week in almost two years. Gold nudged at $2,000 an ounce after US consumer inflation came in at 40-year highs. Loading Something is loading. Global shares edged… Continue reading Global shares edge up, but head for a 5th weekly loss, as Russia’s war in Ukraine and flaring inflation erode investor confidence

In a new exchange rule, China is seeking to protect itself from big moves in the Russian ruble. Beijing said it would double the margin size by which the ruble can move against the yuan. That means China doesn’t have to subsidize Russian buyers purchasing Chinese goods.  Loading Something is loading. China is seeking to… Continue reading Russia ally China tries to protect itself from the ruble’s collapse by letting it fall more against the yuan

Stocks finished Thursday in the red after a choppy day of trading amid the Russia-Ukraine war.  The Consumer Price Index showed inflation at the highest level since 1982. Bank of America recommends buying the dip in stocks, and Fundstrat’s Tom Lee still sees upside for a rally.  Loading Something is loading. Stocks closed Thursday’s session… Continue reading US stocks fall in volatile trading as inflation surges again and Ukraine-Russia crisis drags on

“Big Short” investor Michael Burry took to Twitter after months with a cryptic tweet that seemed like a nod to the 1970s. The ’70s, dubbed as a period of “Great Inflation,” showed high inflation can have a devastating effect on an economy. His tweet may have also been a reference to the energy crisis of… Continue reading ‘Big Short’ investor Michael Burry returns to Twitter with a nod to the 1970s, as the world battles with inflation and an energy crunch

Pimco sold $1.1 billion of credit default swaps that compensate holders if Russia fails to make payments on its debt. The asset manager also holds $1.5 billion of Russian government bonds, the FT reported Wednesday. It stands to lose on both fronts if sanctions-battered Russia defaults, which Fitch says is imminent. Loading Something is loading.… Continue reading Investment giant Pimco risks losing up to $2.6 billion if Russia defaults on its debt

US futures and European shares fell on Thursday ahead of key inflation data and with Russia/Ukraine talks in focus.  Asian markets rallied overnight, with Japan’s Nikkei leaping 3.9%, the most in almost 2 years. Oil rose 5%, paring some of the previous day’s losses, as the chances of OPEC raising output appeared to wane. Loading… Continue reading US stock futures dip as investors focus on diplomatic talks between Russia and Ukraine ahead of key inflation data

Oil climbed more than 5% Thursday after the UAE appeared to tone down its message that OPEC+ should boost output. “We favor production increases and will be encouraging OPEC to consider higher production levels,” UAE’s ambassador to Washington said Wednesday. The UAE reportedly hadn’t consulted other OPEC+ members before making that statement. Loading Something is… Continue reading Oil prices climb 5% after UAE appears to backtrack on its earlier call for OPEC+ to boost output faster

US stocks on Wednesday notched their best session in nearly two years.  Stocks soared as Ukraine’s president told German newspaper Bild he’s open to compromise with Russia. US oil prices fell as much as 15% but still remain above $100 a barrel.  Loading Something is loading. Stocks soared Wednesday, logging their best session in nearly… Continue reading US stocks notch best day since June 2020 as oil drops and investors hope for Ukraine-Russia compromise