Asian stocks mixed, China cut interest rates amid data disappointment

FILE PHOTO – People pass an electronic screen displaying Japan’s Nikkei stock price index inside a conference hall in Tokyo, Japan, June 14, 2022. REUTERS/Issa Kato Register now to get free unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei rises, S&P 500 dips People’s Bank of China (PBOC) cuts key interest rates, China data misses expectations … Read more

US gasoline prices fall below $4 for the first time since March

Decreased demand for gasoline in the summer Low-income families spend less with lower prices The US retail price hit a record high in June (Reuters) – The average retail price of gasoline in the United States fell below $4 a gallon on Thursday for the first time in months, giving some relief to drivers in … Read more

Hope to at least raise interest rates to raise Wall Street, oil gains

LONDON (Reuters) – Wall Street headed for another day of gains on Thursday as investors pushed for higher inflation to persuade central banks to pull back from expected interest rate increases in September. The prospect of a less severe tightening in borrowing costs dragged the dollar down, while oil prices rose after the International Energy … Read more

Dollar falls amid more-than-expected US inflation data

US dollar banknotes are shown in front of the stock graph displayed in this illustration taken on February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – The dollar fell broadly on Wednesday after a lower-than-expected US inflation report for July raised expectations of a less … Read more

Stocks rise, dollar falls as inflation eases

Wall Street rises, Nasdaq leads gains CPI was flat in July after rising 1.3% in June In the 12 months to July, the CPI rose 8.5% versus 9.1% in June NEW YORK (Reuters) – Stocks rebounded on Wall Street and the dollar plunged after signs of a sharp slowdown in US inflation led to bets … Read more

The shrinking cattle herd in the United States indicates more suffering from higher beef prices

Meat chops are on sale at a butcher shop in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register Soaring inflation US consumers are facing more pain from soaring beef prices as ranchers reduce herds of cattle due to drought and rising feed costs, … Read more

Aluminum foundry struggles to survive in European gas crisis

The family-owned aluminum foundry experiences a new transformation style Planning to maintain production and reduce gas use Automakers warn that production cuts are inevitable if suppliers shut down Scaling up new gas-free technologies will take years Industry says suppliers need more help to innovate SOLTAU, Germany, Aug. 9 (Reuters) – Screaming for the din of … Read more

Oil rises as Russian pipeline halt revives supply fears

A poster with crude oil written on the side of a storage tank in the Permian Basin in Menton, Loving County, Texas, United States, November 22, 2019. REUTERS/Angus Mordant Register now to get free unlimited access to Reuters.com Register Russian oil exports through the southern part of the Druzhba pipeline have stopped The European Union … Read more

Global stocks rebounded after US jobs report heavy selling

Euro Stoxx gains 0.8% Wall Street braces for gains Markets are narrowing down the odds for a 75 basis point rise ahead of the US CPI. The dollar goes down Oil compensates for its early losses, and tries to rise LONDON/SYDNEY (Reuters) – Stocks rose on Monday, recovering after a strong US jobs report last … Read more

Stocks rise ahead of US jobs data

Asian stocks brace for third consecutive week of gains Taiwan tops Asian gains. US European stock futures rise Treasury yield curve remains sharply inverted Oil is approaching its lowest level in six months HONG KONG (Reuters) – Asian shares rose on Friday, ahead of US jobs data that will provide further evidence of the health … Read more