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Dollar firms, global stocks soar on ECB rate cut expectations

18 hours ago DieselGasoil Comments Off on Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the Read More

Dollar firms, stocks soar on ECB rate cut expectations

22 hours ago DieselGasoil Comments Off on Dollar firms, stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year lows but government bond yields Read More

Stocks gain on stimulus hopes but still head for third losing week

1 day ago DieselGasoil Comments Off on Stocks gain on stimulus hopes but still head for third losing week
LONDON (Reuters) – World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Read More

Stocks buoyed by stimulus hopes but still head for third losing week

1 day ago DieselGasoil Comments Off on Stocks buoyed by stimulus hopes but still head for third losing week
LONDON (Reuters) – World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More

Japan keeps gobbling up US debt as Russia keeps on dumping

1 day ago DieselGasoil Comments Off on Japan keeps gobbling up US debt as Russia keeps on dumping
China lost its status of top foreign holder of US Treasury securities in June for the first time in around two years, US Treasury Department data released on Thursday shows. Japan is now the top holder of US debt. Japan added $21.9 billion to its stockpile of US Treasury Bills, bringing its holdings to a Read More

China’s trade threats deal fresh blow to world stocks

2 days ago DieselGasoil Comments Off on China’s trade threats deal fresh blow to world stocks
LONDON (Reuters) – China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 14, Read More

Stocks steady after rout, pinning hopes on central banks

2 days ago DieselGasoil Comments Off on Stocks steady after rout, pinning hopes on central banks
LONDON (Reuters) – World shares held at 2-1/2-month lows on Thursday and Wall Street was set for a firmer open as investors bet the U.S. Federal Reserve and other central banks would respond strongly to recession warnings emanating from bond markets. FILE PHOTO: A man uses a mobile phone in front of an electronic board Read More

Crude oil futures nudge lower amid stock build, recession fears

2 days ago DieselGasoil Comments Off on Crude oil futures nudge lower amid stock build, recession fears
Singapore — Crude oil futures traded lower during mid-morning trade in Asia Thursday, following a build reported in US crude stocks and weak global economic data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am in Singapore (0230 GMT), ICE Brent October futures were down 36 cents/b Read More

Global stocks routed, oil sinks as bond markets flash recession warning

2 days ago DieselGasoil Comments Off on Global stocks routed, oil sinks as bond markets flash recession warning
TOKYO (Reuters) – Global stocks crumbled and oil prices extended a punishing sell-off on Thursday as an inverted U.S. bond yield curve intensified fears about a world recession. FILE PHOTO: A man uses a mobile phone in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 12, 2018. Read More

U.S. stocks stumble on fears of looming recession

3 days ago DieselGasoil Comments Off on U.S. stocks stumble on fears of looming recession
NEW YORK (Reuters) – Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major U.S. indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time in 12 years, a potential signal of Read More