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Markets

World stocks clamber off 18-month lows, but markets on recession watch

  S&P futures up 1.13%, European stocks gain 0.96% MSCI Asia ex-Japan +1.8%, Nikkei +2.64% Worries over inflation, tightening policy remain Dollar hovers near 20-year highs on safe-haven demand LONDON/SHANGHAI, May 13 (Reuters) – World stocks rose from the previous day’s 18-month lows and the dollar pulled back from 20-year highs on Friday, though investors […]

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Business

Shares drop, yields shoot up after US inflation data

MILAN, May 11 (Reuters) – World shares turned lower on Wednesday and bond yields shot up after US data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. US futures turned negative after data showed US annual consumer price growth slowed to 8.3% in […]

Categories
Economy

Why are food prices going up? Key questions answered

Elena Rodriguez cuts vegetables in the soup kitchen where she works in Pamplona Alta, a low-income neighborhood on the outskirts of the Peruvian capital where soaring food prices are placing animal proteins out of reach for the most vulnerable residents, in Lima, Peru April 11 , 2022. REUTERS/Daniel Becerril Register now for FREE unlimited access […]

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Economy

Ukraine to halt key Russian gas transit to Europe, blames Moscow

Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom’s Power Of Siberia project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. REUTERS/Maxim Shemetov. Register now for FREE unlimited access to Reuters.com Register KYIV/LONDON, May 10 (Reuters) – Ukraine said on Tuesday it would suspend the flow […]

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Business

Wall Street dips while treasury yields, oil prices drop

NEW YORK, May 10 (Reuters) – Wall Street stocks turned lower in a volatile session and oil prices fell on Tuesday with risk appetite appearing to falter as investors turned to safe havens such as Treasuries amid fears about inflation and slowing economic growth. US Treasuries rallied, with the yield on the benchmark 10-year note […]