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Oil prices fell on Wednesday after U.S. crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policy makers largely united on the need to raise borrowing costs further. A gauge of stocks across the world dipped, tracking Wall Street's reaction to the Fed minutes, while the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM.
NEW YORK (AP) — After an early slide, U.S. stocks clawed back much of the ground they lost and ended slightly lower Wednesday. Banks climbed but retailers, homebuilders and smaller companies fell.
Treasuries declined and the dollar gained as Fed minutes appeared to lean toward the chance of more hikes in the future. Gains by banking giants Goldman Sachs and Morgan Stanley couldn’t counter concerns about China that hit Technology stocks, as well as worries about the Fed’s path that seeped into rates-sensitive shares. The dollar rose the most in two weeks before a report expected Wednesday by the U.S. that could label China a currency manipulator.
U.S. oil prices tumbled and Brent also fell on Wednesday after crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policymakers generally agreed borrowing costs were set to rise further. A gauge of stocks across the world dipped, tracking Wall Street's reaction to the Fed minutes, while the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM.
SINGAPORE (AP) — Stock markets stabilized Wednesday after a rally inspired by strong corporate earnings, with investors also monitoring talks on Britain's exit from the European Union.
Asian stock markets were sharply higher Wednesday, with all major indexes logging gains of at least 1%, as global equities continue to cut into last week’s slump.
Global stocks extended gains Wednesday, driven by stronger-than-expected U.S. earnings and the biggest single-day rally on Wall Street in more than six months. U.S. earnings season is expected to add $400 billion to the collective bottom line of S&P 500 companies, with year-on-year gains of 21.5%, more than twice the rate of European earnings growth. Global stocks pared gains Wednesday, following the biggest single-day surge on Wall Street in more than six months, as investors shifted focus to the strength of U.S. corporate earnings season even as geopolitical tensions and ongoing trade disputes capped gains in Europe and Asia.
Japan's Nikkei share average rose on Wednesday, continuing its recovery from last week's sharp downturn with a turnaround by Wall Street peers lifting technology stocks. The Nikkei ended the day up 1.29 ...
While we can expect some focus on the FOMC minutes, it’s all about the GBP and the EUR today, the EU Summit putting Brexit and Italy in focus.
Japan's Nikkei share average hit a six-day high on Wednesday, continuing its recovery from last week's sharp downturn with technology stocks supported by a turnaround in their Wall Street peers. The Nikkei was up 1.59 percent at 22,907.73 after touching 22,959.41, its highest since Oct. 11. The index was on track for its second straight day of gains following a descent to a five-week low on Monday.
U.S. stocks surged, sending the Dow industrials up more than 500 points, as upbeat economic and earnings reports provided investors with new evidence that the domestic expansion remains on a strong footing....
Overnight on Wall Street, major stock indexes saw their best day since March after the release of strong quarterly results from some of the largest U.S. companies. Stocks in Asia were broadly higher on Wednesday following a bounce on Wall Street overnight on strong U.S. earnings. China's holdings of Treasury bills, notes and bonds fell to $1.165 trillion, from $1.171 trillion in July, according to U.S. Treasury data.
Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions. Despite the rally in stocks, U.S. Treasury yields were steady. European shares pulled up from Monday's 22-month lows, partly on expectations that the reporting season will deliver double-digit earnings growth.
The S&P 500 surged more than 2 percent, all 30 members of the Dow Jones Industrial Average advanced and small caps in the Russell 2000 Index notched the best gain since the day after the 2016 election. The Nasdaq Composite saw its biggest gain since March as UnitedHealth Group bolstered health-care firms and Adobe’s forecast lifted software makers. Technology stocks looked set to extend gains in the futures session as Netflix rallied on a surge in net subscribers.
China stocks fall into bear market territory ahead of Friday's Q3 GDP release amid persist concern that its U.S. trade war will harm second half growth. U.S. stocks called higher, with the Dow slated for a 160 point gains thanks to solid earnings from Morgan Stanley, Goldman Sachs and Johnson & Johnson.
STOCKSTOWATCHTODAY BLOG Good Times. The Dow Jones Industrial Average was heading higher Tuesday after closing in the red on Monday. Attention will be on corporate earnings, with (GS) Morgan Stanley, and (JNJ) among the companies set to report.
Asian stock markets gain Tuesday, partly reversing a broad selloff to start the week and largely shaking off modest losses on Wall Street.
Japan's Nikkei rebounded on Tuesday supported by short covering in index heavyweights, but retailers fell on worries about domestic personal consumption and slowing demand from China. The Nikkei share ...
Japanese government bond prices inched lower on Tuesday, as Tokyo shares were on track to eke out a small gain and U.S. Treasury prices slipped with investors' concerns about stock market volatility appearing ...
Japan's Nikkei rebounded on Tuesday morning supported by short covering in index heavyweights, but Apple suppliers fell on worries about slowing demand from China. Traders said that Tuesday's gains were mainly due to a technical rebound, as the Nikkei was trading 5 percent below its 25-moving average, a sign of an oversold market.
Risk appetite trickles back into the markets early on supporting the commodity currencies, while the Kiwi gets a boost from Q3 inflation numbers.
Major stock indexes stateside saw declines overnight, continuing the overall downward trend from last week on Wall Street. The disappearance of Saudi Arabian journalist Jamal Khashoggi also remains in focus, with some concerned about the potential impact the fallout could have on oil prices. Saudi Arabia's King Salman on Monday ordered an internal investigation into the disappearance of prominent critic and journalist Jamal Khashoggi.
Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens ...