Shares slide ahead of US inflation data, earnings hurdles

Shares slide ahead of US inflation data, earnings hurdles

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register European shares down 1.3%, S&P 500 futures off 0.8% Dollar tops 137 yen before US CPI, inflation expectations Banks kick off earnings … Read more

China’s June factory inflation cools counter to global trends

China's June factory inflation cools counter to global trends

A man walks by an iron ore blending site at Dalian Port, Liaoning province, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Muyu Xu/File Photo Register now for FREE unlimited access to Reuters.com Register June PPI year-on-year eases to 15-month low June CPI year-on-year rose to 23-month high BEIJING, July 9 (Reuters) – China’s … Read more

US dollar flat in choppy trading after payrolls beat expectations

US dollar flat in choppy trading after payrolls beat expectations

US payrolls exceed expectations in June Rate futures price in 75-bps hike Yen in focus as former PM Abe gunned down NEW YORK, July 8 (Reuters) – The US dollar was little changed against a basket of currencies on Friday ahead of the weekend following a choppy session that saw the greenback posting both gains … Read more

US labor market powers ahead with strong job gains despite recession fears

US labor market powers ahead with strong job gains despite recession fears

Nonfarm payrolls increase 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor … Read more

European shares struggle ahead of US jobs data

European shares struggle ahead of US jobs data

LONDON, July 8 (Reuters) – European shares opened slightly lower on Friday and struggled to make gains after the shooting of Japan’s former prime minister caused a pullback in Asian shares, while investors waited for key US jobs data later in the session. Investor sentiment had been positive earlier in the session, which analysts said … Read more

Oil settles up nearly $4 as tight supply outweighs recession fears

Oil settles up nearly $4 as tight supply outweighs recession fears

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register July 7 (Reuters) – Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as … Read more

US labor market starts to cool as weekly jobless claims rise, layoffs surge

US labor market starts to cool as weekly jobless claims rise, layoffs surge

Weekly jobless claims increase 4,000 to 235,000 Continuing advance claims 51,000 to 1.375 million Announced job cuts jump 57% to 32,517 in June Trade deficit narrows 1.3% to $85.5 billion in May WASHINGTON, July 7 (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and there are growing … Read more

Chipmaker stocks climb, sickly euro treads water

Chipmaker stocks climb, sickly euro treads water

LONDON, July 7 (Reuters) – 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 struggled to avoid dipping below parity with the safe-haven dollar. Sterling was … Read more

Crypto lender Voyager Digital files for bankruptcy

Crypto lender Voyager Digital files for bankruptcy

Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, US, June 8, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register July 6 (Reuters) – US crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, … Read more

Oil prices bounce back from Tuesday tumble as supply concerns return

Oil prices bounce back from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing Oil Hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Oil rises nearly 3% before paring some gains Rate hikes, recession fears still capping price gains – analyst China reports new COVID cases across … Read more