Some commodities have now wiped out all of their 2021 rally Fri, 18 Jun 2021 11:03:09 +0000
For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so.
Nasdaq rallies, Dow falls in post-Fed rotation Fri, 18 Jun 2021 10:29:23 +0000
Wall Street investors shifted their patterns Thursday, buying technology giants and shunning financial and energy equities as long-term bond yields retreated.
US stocks near flat as market digests Fed update Thu, 17 Jun 2021 17:45:06 +0000
Wall Street stocks hovered near the flat-line early Thursday as investors digested the Federal Reserve's latest policy statement and the unexpected rise in jobless claims last week.
Gold drops below $1,800 after Fed takes more hawkish turn Thu, 17 Jun 2021 16:12:01 +0000
Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.
Rand back at R14/$ after Fed's hawkish pivot Thu, 17 Jun 2021 08:32:22 +0000
Investors were surprised by what some saw as a hawkish pivot by the Fed, which gave its first signal of plans to dial back the stimulus that has spurred the recovery from the pandemic.
Oil highest since 2018 as traders see prospect of rising prices Tue, 15 Jun 2021 16:17:52 +0000
Oil traded above $71 a barrel as some of the most prominent voices in the market said they expect prices to continue to rise.
US stocks dip as data show another inflation spike Thu, 17 Jun 2021 08:38:15 +0000
Wall Street stocks dipped early Tuesday following another troublesome inflation report just ahead of a two-day Federal Reserve meeting.
Nasdaq, S&P 500 end at records as tech shares gain Tue, 15 Jun 2021 08:50:25 +0000
Resurgent technology shares led US stock indices to fresh records Monday, outperforming industrial names ahead of key economic releases and a Federal Reserve announcement later in the week.
Tokyo stocks close higher on tech rallies Tue, 15 Jun 2021 08:50:25 +0000
Tokyo stocks closed higher on Tuesday as high-tech shares rallied following a record close on the Nasdaq, with investors focusing on the Fed meeting this week.
European stocks climb at open Mon, 14 Jun 2021 10:31:55 +0000
European stock markets rose solidly at the open Monday, with traders awaiting this week's Federal Reserve meeting for clues on the outlook for interest rates.
Markets mostly up in holiday-thinned Asia trade, eyes on Fed Mon, 14 Jun 2021 10:38:52 +0000
Asian markets mostly rose Monday during holiday-hit trade, with investors looking forward to the Federal Reserve's next meeting this week hoping for fresh clues about monetary policy in light of the US economy's blistering recovery.
Rand rallies as US inflation spike is seen as temporary Fri, 11 Jun 2021 12:33:12 +0000
Most Asian and European markets rose Friday following a record lead from Wall Street as traders bought into the Federal Reserve narrative that surging US inflation was only temporary and the central bank was likely to maintain its ultra-loose monetar
Oil drops as sanctions lifted on former Iran official Thu, 10 Jun 2021 19:36:47 +0000
Oil reversed gains after the US lifted sanctions on a former Iranian oil official and two other Iranians involved in oil trading.
US stocks rise, shrugging off latest inflation spike Thu, 10 Jun 2021 17:01:42 +0000
Wall Street stocks rose early Thursday, pushing the S&P 500 into record territory, as the market evinced little worry over data showing higher US inflation.
US stocks end down after another sluggish session Thu, 10 Jun 2021 08:25:51 +0000
Wall Street stocks finished lower after another sluggish session Wednesday as markets look ahead to key consumer inflation data.
SEC looking to 'freshen' trading rules to ensure orderly markets: official Thu, 10 Jun 2021 08:24:51 +0000
US securities regulators are examining ways to update trading rules, including how assets are priced, to ensure they keep up with current technology, the head of the Securities and Exchange Commission said Wednesday.
Rand slumps ahead of US inflation data, ECB meeting Wed, 09 Jun 2021 18:59:00 +0000
Stock markets largely steadied Wednesday on the eve of keenly-awaited US inflation data and a European Central Bank policy meeting as traders seek clues on the timing of higher interest rates that could hinder economic recovery.
Stocks struggle as traders jostle before US inflation, ECB Wed, 09 Jun 2021 18:41:49 +0000
Stock markets largely steadied Wednesday on the eve of keenly-awaited US inflation data and a European Central Bank policy meeting as traders seek clues on the timing of higher interest rates which could hinder economic recovery.
El Salvador has adopted Bitcoin as legal tender, president says Wed, 09 Jun 2021 12:29:50 +0000
El Salvador’s President Nayib Bukele said the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote financial inclusion.
Asian markets struggle as traders jostle before inflation, ECB Wed, 09 Jun 2021 10:48:26 +0000
Investors trod a cautious line Wednesday in Asia with focus firmly on the release of US inflation data later in the week, which could have a huge bearing on the Federal Reserve's plans for monetary policy, while the European Central Bank's latest mee