US climate bill changes the game for two key sectors
The passage of landmark climate legislation in the US through the Inflation Reduction Act marks a stunning turnaround for climate advocates, policymakers and other stakeholders.
S&P 500 Holds the Bounce as Headwinds Grow Ahead of Non-Farm Payrolls Today
The S&P 500 has managed to maintain the rally off yesterday’s low, but broadening risks appear to be building with Fed hawkishness and persistent China woes dampening the outlook.
Energy crisis tearing through markets leaves a trail of losers
The energy crisis that’s sent inflation soaring is getting worse, leaving stock traders with a challenge to figure out where to put their money.
Japanese Yen Stumbles Against US Dollar as Japan Faces Higher Steel Prices
USD/JPY hit a fresh multi-decade high as the US Dollar surged despite a revival in US stock prices. Japan is facing higher steel prices that threaten to add more drag to its economic recovery.
Monthly Forex Seasonality – September 2022: US Dollar Stronger; Gold & Stocks Weaker
The ninth month of the year typically sees a strong performance by the US Dollar.
Indian Rupee Gains Recouping Opening Losses; Outperforms Peers
MUMBAI, Sept 1 Reuters The Indian rupee was trading higher to the U.S. currency on Thursday, as falling oil prices and lack of interest to build long dollar positions helped the local unit recover early losses. The rupee was trading at 79.31 per U.S. dollar by 0544 GMT, compared with 79.45 in the previous session. […]
Indian Shares Fall over 1 on Selloff in IT, Energy Stocks
BENGALURU, Sept 1 Reuters Indian shares fell on Thursday as investors sold information technology firms on fears of a demand slowdown, while an increase in taxes on fuel exports and domestic crude hit the energy sector. The NSE Nifty 50 index ended down 1.22 at 17,542.80 and the SP BSE Sensex dropped 1.3 to 58,766.59. The indexes […]
Sterling, Euro Slide as Dollar Marches Higher
SINGAPORETOKYO, Sept 1 Reuters The dollar gained ground against the euro and sterling on Thursday after earlier hitting a 24year peak against the Japanese yen, as investors positioned for higher U.S. interest rates and remained concerned about the health of European economies. The euro slid 0.37 to just hold above parity against the dollar at […]
Stocks Slide, Dollar Spikes as September Starts Stormy
Dollar hits 24year high against yen, euro, sterling slide MSCI world stock index falls for fifth straight day Europe down over 1, SP futures 0.5, Nikkei closes down 1.5 Industrial metals suffer heavy falls U.S. yields climb, oil prices dip LONDON, Sept 1 Reuters September got off to a stormy start on Thursday, as persistent […]
Russian Stocks Ease, Rouble Edges Towards 60 vs Dollar
MOSCOW, Sept 1 Reuters Russian stocks eased after a Gazpromled surge in the previous session to their highest in recent months, following the gas giant39;s decision to recommended interim dividends, while the rouble hovered near 60 against the dollar and euro. Shares in Gazprom leapt around 25 on Wednesday after its board had recommended paying 51.03 […]