Asian shares up, yuan at 5-mth high as Biden-Xi call stokes optimism

HONG KONG (Reuters) – Asian shares scaled a 2-1/2-week top as investors cheered a cordial opening to a key meeting between U.S. President Joe Biden and Chinese leader Xi Jinping, which helped nudge China’s yuan to a five-month high and pulled the dollar broadly lower.FILE PHOTO: A woman wearing a protective mask, amid the COVID-19 […]

Stocks stalled as oil fuels inflation nerves

SYDNEY (Reuters) – Asian stockmarkets were tugged lower by fresh concern about the solvency of China’s property developers on Wednesday, while a surging oil price added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift rates.FILE PHOTO: An electronic stock quotation board is displayed inside a conference hall in […]

Stocks get reality check from earnings, central banks in focus

TOKYO (Reuters) – Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier than thought.FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, […]

Equities ride tech to third week of gains, dollar dips

LONDON (Reuters) – Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 19, […]

Asia shares up, rising yields lift dollar as oil surges

SYDNEY (Reuters) – Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen.FILE PHOTO: People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic […]

Stocks slip, bond yields bounce as oil fuels inflation angst

LONDON (Reuters) – Shares fell and government bond yields rose across the world on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation. The Euro STOXX 600 index fell 1.9%, denting gains made in its best day in 11 weeks on Tuesday, with travel and leisure and tech stocks […]

Global stocks rally after tech sell-off, dollar gains

NEW YORK/MILAN (Reuters) – Global equity markets rallied on Tuesday as U.S. and European tech stocks rebounded and the dollar strengthened ahead of U.S. payrolls data on Friday that could reveal the Federal Reserve’s next move on tapering its support to the economy.FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange […]

World stocks rise after sell-off, dollar gains

NEW YORK/MILAN (Reuters) -Global equity markets rose on Tuesday as tech stocks rebounded on Wall Street and the dollar regained strength ahead of U.S. payrolls data on Friday that is seen as key to the Federal Reserve’s next move on tapering its support to the economy.FILE PHOTO: Signage is seen outside the entrance of the […]

Asian stocks fall to near 1-year lows as oil rally fuels inflation fears

SINGAPORE (Reuters) -Asian shares tracked a broad sell-off on Wall Street to weaken for a third straight session on Tuesday, as investors feared oil prices hitting multi-year highs would add to inflationary pressures caused by supply chain disruptions.FILE PHOTO: A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board […]