Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global … Read more

NATO to pledge aid to Baltics and Ukraine, urge Turkey to let in Nordics

NATO summit over three days in Madrid; Biden to attend Turkey’s veto over Sweden, Finland application a big issue NATO to agree new defenses for Baltic region Aid package to Ukraine aims for longer-term support MADRID, June 27 (Reuters) – NATO leaders will urge Turkish President Tayyip Erdogan to lift his veto over Finland and … Read more

U.S., Japan, Australia, New Zealand and United Kingdom form Pacific group

June 24 (Reuters) – The United States, Australia, Japan, New Zealand and the United Kingdom launched an informal group aimed at boosting economic and diplomatic ties with Pacific island nations, the White House said on Friday. The Biden administration has vowed to commit more resources to the Indo-Pacific as China seeks to boost economic, military … Read more

Prince Charles expresses sorrow over slavery in Commonwealth speech

Commonwealth leaders gather for Kigali summit Charles alludes to colonialism, slavery in speech Rwanda’s Kagame speaks of “reimagining” Commonwealth Members vote to keep Patricia Scotland as sec-gen KIGALI, June 24 (Reuters) – Britain’s Prince Charles expressed deep sorrow over slavery in a speech to Commonwealth leaders in Rwanda on Friday and acknowledged that the roots … Read more

Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more

Recession fear stalks oil, copper and stocks

LONDON, June 23 (Reuters) – Global markets fell on Thursday as investors worried that further rises in interest rates to decades-high inflation would tip economies into recession. The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers’ Index, while corresponding figures … Read more

U.S. expanding monkeypox testing capacity as cases rise

WASHINGTON, June 22 (Reuters) – The Biden administration announced on Wednesday it is expanding monkeypox testing capacity to five commercial laboratory companies amid rising cases. As of Tuesday, there have been 142 reported monkeypox cases in the United States across 24 states and Washington, DC The first US case was reported to the CDC on … Read more

GLOBAL ECONOMY U.S. recession fears darken outlook for global growth

LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing from Asia to Europe as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a new threat to the chains global economy. High prices in the euro zone meant demand for manufactured … Read more

Shock Swiss rate hike sets markets on edge; BOJ holds

Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray/File Photo Register now for FREE unlimited access to register SNB hikes 50 bps, franc soars, dollar slips Stock markets sink as more interest rate rises beckon … Read more