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Oil Falls on Beijings COVID19 Warning, Inflation Worries

Mass COVID testing for Beijing39;s Chaoyang district U.S. inflation data heightens fears of further big rate hikes Unrest halves Libyan oil output LONDON, June 13 Reuters Oil dropped about 2 a barrel on Monday as a flareup in COVID19 cases in Beijing dented hopes of a Chinese demand rebound, while worries about more interest rate […]
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Dollar Drives Higher, Yen Tumbles to 1998 Lows

LONDON, June 13 Reuters The safe haven dollar gained towards fresh twodecade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. The yen was among a host of currencies swept lower on the day, to its lowest […]
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Gold Falls 1 as Rate Hike Bets Bolster Dollar

Gold to find support as investors abandon riskier assetsanalyst Dollar hits onemonth peak June 13 Reuters Gold fell 1 on Monday after the dollar strengthened and Treasury yields rose as data showing surging inflation in the U.S. fuelled bets for steeper rate hikes from the Federal Reserve. Spot gold fell 0.8 to 1,855.19 per ounce […]
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Valneva Shares Plunge, European COVID Vaccine Deal Flounders

PARISLONDON, June 13 Reuters Valneva39;s shares dived about 20 on Monday after the French drugmaker warned that the future of its COVID19 vaccine was in jeopardy.  Valneva has been trying to salvage a deal with the European Commission which had said it would terminate an advance purchase agreement for 60 million doses. But Valneva said on […]
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Sterling Hits 2Y Low as GDP Dips, PostBrexit Tensions Rise

LONDON, June 13 Reuters Sterling fell to its lowest in two years against a rising dollar on Monday, coming under pressure from data showing Britain39;s economy unexpectedly shrunk in April and tensions with the European Union over postBrexit trade with Northern Ireland. UK gross domestic product contracted by 0.3 after inching down by 0.1 in […]
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Japan Govt, BOJ Reiterate Concern over Sharp Falls in Yen

Govt ready to respond to yen falls as needed spokesperson BOJ39;s Kuroda says recent sharp yen falls undesirable Kuroda repeats vow to keep BOJ39;s policy ultraloose TOKYO, June 13 Reuters Tokyo is concerned about sharp falls in the yen currency and stands ready to respond appropriately if needed, Japan39;s top government spokesperson said on Monday, […]
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Major Gulf Markets Fall on Inflation, Fuel Demand Concerns

June 13 Reuters Major Gulf bourses declined in early trade on Monday, in line with Asian shares and oil prices as an unexpected spike in U.S. inflation renewed fears over policy tightening and economic growth, while fresh COVID19 restrictions in China caused concerns over fuel demand. The U.S. consumer price index increased a biggerthanexpected 8.6 […]
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Japan Edges Closer to Intervention in Yen

Japan says 39;concerned39; about sharp yen falls Top currency diplomat says 39;all options on table39; Tokyo ready to respond appropriately in accordance to G7 policy Yen fall puts pressure on BOJ ahead of next week39;s meeting Analysts see low chance of intervention, BOJ policy tweak TOKYO, June 10 Reuters Japan39;s government and central bank said […]
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