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Oil extends losses on recession fears By Reuters
© Reuters. General view of the Fos-Lavera oil hub near Marseille, France, September 17. REUTERS/Jean-Paul Pelissier By Sonali Paul MELBOURNE (Reuters) – Oil prices dipped in early trade on Friday, extending the week’s losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting fuel […] More
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Gold, Copper Head for Sharp Weekly Losses as Fed Rate Risks Increase By Investing.com
© Reuters. By Ambar Warrick Investing.com– Gold and Copper prices moved little on Friday, and were set for steep weekly losses as growing expectations of more sharp interest rate hikes by the Federal Reserve boosted the dollar and dented metal markets. prices were unchanged around $1,664.31 an ounce, while fell 0.3% to $1,673.15 an ounce by […] More
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European shares claw back losses after sharp selloff By Reuters
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 14, 2022. REUTERS/Staff (Reuters) – European shares inched higher on Thursday, supported by banks, as markets showed some signs of recovery from a sharp selloff triggered by bets of aggressive interest rate hikes globally. The index […] More
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Chinese Yuan Leads Asia FX Losses on Sanctions Report, U.S. CPI Woes By Investing.com
© Reuters By Ambar Warrick Investing.com– China’s yuan fell the most among Asian currencies on Wednesday following a report that the U.S. was considering sanctions against Beijing to deter an invasion of Taiwan, with regional units also pressured by higher-than-expected U.S. inflation data. The sank 0.7%, coming close to a two-year low, while most other Asian […] More
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Canada’s real problem is not job losses, it’s the rush to retire By Reuters
© Reuters. FILE PHOTO: A “Help wanted” sign is seen in the window of a bakery in Ottawa, Ontario, Canada, November 2, 2017. REUTERS/Chris Wattie/File Photo By Julie Gordon OTTAWA (Reuters) – More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own greyer version: The […] More
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UK Bond Market Braces for More Losses After Truss’s Energy Plan By Bloomberg
(Bloomberg) — Prime Minister Liz Truss’s plan to spend billions of pounds capping energy prices may help shield British households this winter, but for investors in UK government bonds there’s only more pain in store. Investors have eased bets on the Bank of England cutting interest rates next year following the prime minister’s first major […] More
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Oil Heads For Second Week of Losses as Demand Concerns Weigh By Investing.com
© Reuters. By Ambar Warrick Investing.com– Oil prices were mixed on Friday as investors digested an unexpected build in U.S. crude inventories, but were set for steep weekly losses on concerns that slowing global economic growth will weigh on demand. London-traded rose 0.4% to $88.88 a barrel, while fell 0.4% to $83.20 a barrel by 20:30 […] More
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Russia may compensate retail investors for sanctions-related losses By Reuters
© Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov MOSCOW (Reuters) -Russia’s central bank is in talks with banks about creating a fund to compensate retail investors for losses when their foreign security investments were frozen by Western sanctions, Governor Elvira Nabiullina said […] More
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C$ recoups some losses as Bank of Canada signals more tightening By Reuters
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened to its lowest level in nearly eight weeks against the greenback on Wednesday before clawing back much […] More
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Oil Extends Losses as Demand Fears Outweigh OPEC+ Cut By Investing.com
© Reuters. By Ambar Warrick Investing.com– Oil prices fell further on Wednesday, erasing all of the week’s gains as concerns over sluggish crude demand outweighed what was seen as a nominal supply cut by the OPEC+. London-traded fell 0.5% to $92.39 a barrel, while sank 0.5% to $86.41 a barrel by 20:29 ET (00:29 GMT). Both […] More
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Dow Futures Remain Flat As Indices Extend Losses By Investing.com
© Reuters. By Oliver Gray Investing.com – U.S. stock futures were little changed during Tuesday’s evening deals, as investors continued to retreat while bond yields rose to 4-month highs. By 7:20pm ET (11:20pm GMT) and remained little changed, while declined 0.1%. In extended deals, Uipath Inc (NYSE:) (PATH) fell 16.4% after the company Q2 losses of […] More
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S&P 500 Pares Some Losses, but Rout in Chip Stocks Bite By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The S&P 500 pared some losses Thursday, but was pressured by a slump in chip stocks after the U.S. government restricted sales of chips to China. The rose 0.7%, the added 0.3%, or 102 points, the was up 1%. Advanced Micro Devices (NASDAQ:) and Nvidia led the slip […] More
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