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May 23, 2022

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Asia stocks weighed by inflation concerns, China tech selling

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG,......

Incoming Australian Prime Minister says he wants to unite country

Reuters
Australian Opposition Leader Anthony Albanese during the second leaders’ debate of the 2022 federal election campaign at the Nine studio in Sydney, Australia May 8, 2022. Alex Ellinghausen/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 21 (Reuters) – Labor Party leader Anthony Albanese......

Shanghai inches towards COVID lockdown exit, Beijing plays defence

Reuters
Shanghai cautiously works to restore transport services Shanghai reports mostly zero new community cases this week Beijing on edge as new infections keep appearing BEIJING/SHANGHAI, May 21 (Reuters) – Shanghai cautiously pushed ahead on Saturday with plans to restore part of its transport network in a major step towards exiting......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

European shares rebound, China rate move helps sentiment

Reuters
LONDON, May 20 (Reuters) – Shares rebounded on Friday after China cut a key lending benchmark to support its economy, though a global equities gauge remained set for its longest weekly losing streak on record amid investor worries about slowing growth and high inflation. China cut its five-year loan prime......

Oil steady on the week as oil supply risks meet economic headwinds

Reuters
Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 (Reuters) – Oil prices edged lower on Friday on course for little change on the week as a planned European......

Shanghai finds cases after five days of ‘zero COVID’ but end of lockdown on track

Reuters
Family of three catch COVID outside Shanghai’s quarantined areas Plans to ease curbs in May and lift lockdown in June still on More and more cities in China bringing COVID under control SHANGHAI/BEIJING, May 20 (Reuters) – Shanghai announced its first new COVID-19 cases outside quarantined areas in five days......

IMF urges Asia to be mindful of spillover risks from tightening

Reuters
Global tide of tightening comes faster than expected -IMF Widening gap in interest rates behind yen weakness Echoes view on balance yen depreciation helps Japan TOKYO, May 20 (Reuters) – Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is......

Sterling at two-week high, wins respite from growth fears for now

Reuters
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register LONDON, May 19 (Reuters) – Sterling climbed to a two-week high against a weaker dollar on Thursday, winning a respite for now from the soaring......

U.S. weekly jobless claims rise; continuing claims lowest since 1969

Reuters
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims increase 21,000 to 218,000 Continuing claims drop 25,000 to 1.317......

Euro rises with focus on ECB tightening path, Swiss Franc rises

Reuters
Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multi-week highs after SNB hawkish turn Graphic: World FX rates May 19 (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the......

Investors jolted as U.S. retailers show inflation hitting consumers

Reuters
NEW YORK, May 19 (Reuters) – The evidence of red-hot inflation seeping into the economy is sending a chill through investors after major U.S. retailers showed people are cutting back on buying bigger ticket items as they just try and get by. Investors wiped almost 25% off Target (TGT.N) shares......

Indian shares slump as inflation, economic slowdown fears linger

Reuters
A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 19 (Reuters) – Indian shares dropped 2% on Thursday, weighed down by a broader market......

EXCLUSIVE Japan Inc turns against central bank’s monetary stimulus, Reuters survey shows

Reuters
A businessman walks near the Bank of Japan headquarters in Tokyo, Japan, Feb. 15, 2016. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register More than 60% of firms want end to big monetary easing by March About a quarter keen for an immediate end to big monetary......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

Stock market rebound fizzles, UK inflation hits 40-year high

Reuters
LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out......

Euro and sterling cling onto overnight gains

Reuters
A symphony of light consisting of bars, lines and circles in blue and yellow, the colours of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register HONG KONG,......

Oil prices extend gains on China demand optimism

Reuters
An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS Register now for FREE unlimited access to Reuters.com Register SINGAPORE, May 18 (Reuters) – Oil prices extended gains on Wednesday......

Gold attempts rebound as dollar backs off highs

Reuters
Gold up after hitting lowest since Jan. 31 on Monday SPDR Gold Trust holdings extend slide to lowest since March Dollar slips further from last week’s two-decade high Silver up for third straight session May 17 (Reuters) – Gold rose on Tuesday as a retreat in the dollar helped bullion......

Cryptoverse: Stablecoins wend wobbly way into the unknown

Reuters
May 17 (Reuters) – Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was......

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