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Positive German data tempers equity selloff, safe havens in demand

1 day ago DieselGasoil Comments Off on Positive German data tempers equity selloff, safe havens in demand
LONDON (Reuters) – World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2019. REUTERS/Staff The Ifo Read More

Positive German data tempers equity selloff, lifts bond yields

1 day ago DieselGasoil Comments Off on Positive German data tempers equity selloff, lifts bond yields
LONDON (Reuters) – World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2019. REUTERS/Staff The Ifo Read More

Weekly Market Preview: Yield Curve Sparks Selloff On Fears Of Pending Recession

2 days ago DieselGasoil Comments Off on Weekly Market Preview: Yield Curve Sparks Selloff On Fears Of Pending Recession
Persistent uncertainty regarding the strength of the global economy, combined with mixed conviction over the yield curve , pressured U.S. stocks Friday, sending Dow Jones Industrial Average lower by triple digits. Fear of a recession, which sent bond prices soaring, killed hopes ignited only a day before by a Read More

Fed sees no rate hikes in 2019, plans to slow balance sheet reduction

6 days ago DieselGasoil Comments Off on Fed sees no rate hikes in 2019, plans to slow balance sheet reduction
WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy. Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis In a major Read More

Boeing stock drops most in two decades after 2nd crash of its popular 737 passenger jet

2 weeks ago DieselGasoil Comments Off on Boeing stock drops most in two decades after 2nd crash of its popular 737 passenger jet
The latest crash of a Boeing 737 MAX 8 operated by Ethiopian Airlines has sent shares of the world’s largest aerospace group plummeting 12 percent after the opening bell on Wall Street. The crash that killed 157 people, involving Boeing’s newest jet, happened shortly after takeoff from the Ethiopian capital of Addis Ababa on Sunday. Read More

Is Norway’s oil & gas selloff a mistake?

2 weeks ago DieselGasoil Comments Off on Is Norway’s oil & gas selloff a mistake?
Another big step has been taken to end the hydrocarbon era, if the decision by Norway’s sovereign wealth fund to dump oil stocks and investments is a sign on the wall. After the news broke, “fossil free” non-governmental organisations (NGOs) and others declared the Norwegian SWF Government Pension Fund (or “Oil Fund”) decision to divest as Read More

U.S. February job growth weakest in nearly one and a half years

3 weeks ago DieselGasoil Comments Off on U.S. February job growth weakest in nearly one and a half years
WASHINGTON (Reuters) – U.S. employment growth almost stalled in February, with the economy creating only 20,000 jobs, adding to signs of a sharp slowdown in economic activity in the first quarter. FILE PHOTO: Job seekers speak with potential employers at a City of Boston Neighborhood Career Fair on May Day in Boston, Massachusetts, U.S., May Read More

U.S. economy creates paltry 20,000 jobs in February

3 weeks ago DieselGasoil Comments Off on U.S. economy creates paltry 20,000 jobs in February
WASHINGTON, March 8 – U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors, which could raise concerns about a sharp slowdown in economic activity. FILE PHOTO: Job seekers speak with potential employers at a City of Boston Neighborhood Career Read More

China stimulus plans fails to lift world stocks; Aussie tumbles

3 weeks ago DieselGasoil Comments Off on China stimulus plans fails to lift world stocks; Aussie tumbles
LONDON (Reuters) – World stocks consolidated gains on Wednesday after hitting a 4-1/2 month high last week as investors shrugged off reports of fresh China stimulus, while the Australian dollar took a knock from poor growth figures. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first Read More

Wall Street set for muted open, progress on trade talks in focus

3 weeks ago DieselGasoil Comments Off on Wall Street set for muted open, progress on trade talks in focus
(Reuters) – Wall Street was set to open slightly higher on Tuesday, a day after the Dow Jones Industrial Average and the S&P 500 posted their biggest drop in nearly a month, as investors awaited fresh developments on the U.S.-China trade talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange Read More