Oil Prices Rise 2% on Concerns Over Supply and Expected Fuel Switch
A global energy watchdog anticipates a rise in gas-to-oil switching owing to high prices this winter, even as the outlook for demand remains bleak. Oil...
Author : Amruta Kharde
In Response To Concerns About Rate Hikes, Wall Street Recovers
Following a severe selloff the previous session due to concerns about significant interest rate hikes by the Federal Reserve to rein in rising prices, U.S....
Following Q3 Profit Warning From Manufacturer Of Warehouse Equipment, Kion Group Declines
The German manufacturer of warehousing equipment Kion Group AG (ETR:KGX) warned that it would suffer a sizable loss for the third quarter, causing its stock...
EU Scraps Russian Cap Plan, Driving Up Gas Prices In Europe
The price of European natural gas futures increased on Wednesday as the EU abandoned its plan to control the cost of gas imports from Russia...
Inflation Unnerves Big Tech, Worst Day For Nasdaq Since Pandemic
Following another hot US inflation print, it was a tough day for big tech, with the Nasdaq seeing its worst trading day since March 2020.Yesterday’s...
The Next Test For AUDNZD To Be Antipodean Doubleheader
As the smoke clears after last night’s scorching U.S. inflation report, local attention will shift to an Antipodean doubleheader tomorrow in the form of the...
Dollar Holds After Gains Inspired By Cpi; Yen Advances Talk Of Intervention
Early on Wednesday in European trading, the US dollar stabilized after the previous session’s significant gains following the hotter-than-expected US inflation report.The Dollar Index, which...
US Poverty Rate Increases for the Second Year in a Row Despite Little Change in Incomes
The national poverty rate increased for a second consecutive year in 2021 as the economy slowly recovered from the Covid-19 pandemic, although US household income...
UBS Shares Rise Following Proposed Dividend Increase in 2022
On Tuesday, when the Swiss bank announced a projected 10 per cent rise in its annual dividend, shares of UBS Group AG (SIX:UBSG) increased.If shareholders...
Ahead of US Inflation Statistics, Dollar is Headed for its Longest Losing Streak in Year
In advance of US inflation statistics anticipated to suggest the ferocious rise in prices may finally be cresting, world markets were up for a fifth...