Stocks extend global recovery, set for sixth day of gains

By Ritvik Carvalho LONDON, Feb 19 : World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs. Gains were marginal, however, and scored largely in Asian markets, with Japan’s Nikkei 225 up 2 percent. European markets gave […]

Oil hits 2-week high on share market recovery, Middle East tensions

By Ahmad Ghaddar LONDON, Feb 19 : Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and tensions in the Middle East, although concerns of rising U.S. production tempered gains. European shares rose for a fourth straight session, with global stocks set for a sixth […]

World shares set for best week since 2011, dollar hits lowest since 2014

By Ritvik Carvalho LONDON, Feb 16 : World shares were set to post their best week of gains in six years on Friday after two consecutive weeks spent in the red, shrugging off a rise in global borrowing costs while the dollar hit its lowest level since 2014. The MSCI world index of stocks, which […]

Stocks shrug off bond market angst over inflation

By Marc Jones LONDON, Feb 15 : Stocks and commodities steamed higher on Thursday, suddenly shrugging off the angst that has burst out in recent weeks over higher global borrowing costs on the back of rising inflation. Economists were struggling to explain the shift except for the argument that historically it’s not unusual for stocks […]

Oil slides after US data shows inflation pressure building

By Amanda Cooper LONDON, Feb 14 : Oil fell for a third day on Wednesday, dropping nearly 1 percent on concerns about rising U.S. production and another drop in financial markets after U.S. consumer prices rose more than expected. Brent crude futures fell 55 cents to $62.17 a barrel by 1350 GMT. The price has […]

US inflation test looms large, dollar falls

By Dhara Ranasinghe LONDON, Feb 14 : The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally. European stock markets opened the day higher, with blue-chip indexes in London, Paris […]