Shares in Asia-Pacific were mixed on Wednesday, following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.94% on the day to 26,911.20 while the Topix index climbed 0.96% to 1,884.69. Japan’s economy shrank...
Oil producer group OPEC+ on Thursday is seen as likely to rubber-stamp another small production increase for June, amid persistent concerns over weaker Chinese demand and shortly after the world’s largest trading bloc outlined proposals for new sanctions against Russian crude. The influential energy alliance of...
Oil was up on Wednesday morning in Asia, reversing the previous session’s losses as hopes rose for progress in peace talks between Russia and Ukraine. The latest U.S. crude oil supply data was also a stark reminder of the tight supply in the market. Brent oil futures gained 0.53%...
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil...
The International Monetary Fund will likely cut its global growth forecast to account for the economic consequences of the Russian invasion of Ukraine, managing director Kristalina Georgieva told CNBC on Thursday. “We think that we would be downgrading our growth projections as a result of the crisis, but...
Shares in Asia-Pacific slipped on Friday as investors remained on edge over Russia’s invasion of Ukraine. Hong Kong’s Hang Seng index led losses regionally as it fell 2.5% to close at 21,905.29, with shares of HSBC slipping 3.38%. In mainland China, the Shanghai composite shed 0.96% to finish its trading day at...
Oil prices jumped as the crisis between Russia and Ukraine escalated. On Monday evening, Russian President Vladimir Putin ordered forces into two breakaway regions of eastern Ukraine and said he would recognize the independence of Donetsk and Luhansk. In Asia morning trade Tuesday, U.S. crude surged 3.72% to $94.46 per barrel,...
The selloff in U.S. equities looks set to resume at the open, despite Monday's violent short squeeze. Microsoft (NASDAQ:MSFT), Johnson & Johnson (NYSE:JNJ) and General Electric (NYSE:GE) lead a cast of thousands reporting quarterly results and Nvidia (NASDAQ:NVDA) is set to drop its planned acquisition of ARM....
Asia-Pacific markets mostly fell on Tuesday as investors remain concerned about inflation as well as likely policy tightening from central banks such as the U.S. Federal Reserve. Japan’s Nikkei 225 declined 0.9% to 28,222.48 while the Topix index fell 0.44% to 1,986.82. The Japanese market was closed in...
Markets seem set to start 2022 the way they performed in 2021, going higher. Tesla (NASDAQ:TSLA) and other electric vehicles saw continued momentum in Q4. Airlines continue to grapple with cancellations. We've all turned the calendar one year ahead, but has anything changed? Here's what...
