Stocks slide, dollar climbs as taper and virus fears combine.

By Alun John and Tom Westbrook HONG KONG/SINGAPORE (Reuters) Asian stocks slumped to their lowest levels this year and the dollar hit 10-month highs on Thursday as a double-whammy of worries about global growth and an end to central bank support drove nervous investors toward safety. Commodities were also sold with oil down for a… Continue reading Stocks slide, dollar climbs as taper and virus fears combine.

European stocks steady as travel sector rebounds

Gorgeous girl with a phone in her hand is surprised by something she saw on the screen is holding her glasses in front of bright yellow background.

by (Reuters)  European stocks inched higher on Wednesday after a wobbly start to the week, as investors balanced risks from a spike in global COVID-19 cases with signs of a steady economic recovery in the continent. The pan-European STOXX 600 index rose 0.1% by 0712 GMT, with travel and leisure stocks recovering from sharp falls earlier this… Continue reading European stocks steady as travel sector rebounds

Oil drops below $70 as U.S. urges OPEC+ to pump more. Brent crude was down 75 cents. Asia caused by the COVID-19 Delta variant.

By Alex Lawler LONDON (Reuters) Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery. The price of Brent crude is up 35% this year supported by OPEC – led supply curbs, even… Continue reading Oil drops below $70 as U.S. urges OPEC+ to pump more. Brent crude was down 75 cents. Asia caused by the COVID-19 Delta variant.

Australian Dollar Outlook Bleak: AUD/USD Eyes RBA, Delta Variant, Beijing Crackdowns

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: BEARISH Australian Dollar slowed its broader descent but remains vulnerable Dovish RBA, surging Covid cases, Beijing crackdowns threaten AUD Softer US non-farm payrolls data may offer upside relief to AUD/USD The Australian Dollar spent most of its time last week slowly gaining ground against some of its major counterparts, but progress was fairly… Continue reading Australian Dollar Outlook Bleak: AUD/USD Eyes RBA, Delta Variant, Beijing Crackdowns

Dollar Bears on the Run as Bets Turn Positive for First Time Since Pandemic

By Yasin Ebrahim The dollar ended flat Friday, but traders are warming up to the idea of that greenback’s run higher is here to stay, as bets on the world’s reserve currency turned positive for the first time since the pandemic began. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six… Continue reading Dollar Bears on the Run as Bets Turn Positive for First Time Since Pandemic

Stocks falter as virus fan outbreaks global recovery fears at end of July 2021. Spot gold was up 0.3% at $1,817.28

Wrotten By Kane Wu HONG KONG (Reuters) Asian stocks widened their losses on Tuesday as investor sentiment dampened further amid growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery, sending riskier assets skidding sharply. Europe and U.S. markets look set to recover however with FTSE futures and E-mini futures for the S&P… Continue reading Stocks falter as virus fan outbreaks global recovery fears at end of July 2021. Spot gold was up 0.3% at $1,817.28

Wall Street’s New Fear Is That the Economy Has Already Peaked

Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. With the ferocious spread of Covid-19’s delta variant and central banks already talking about tighter monetary policy to bring inflation under control, there’s a growing sense of worry that financial markets have become too optimistic. The shift… Continue reading Wall Street’s New Fear Is That the Economy Has Already Peaked

Delta COVID variant now dominant strain worldwide; U.S. deaths surge – officials

By Carl O’Donnell and Jeff Mason The Delta variant of COVID-19 is now the dominant strain worldwide, accompanied by a surge of deaths around the United States almost entirely among unvaccinated people, U.S. officials said Friday. U.S. cases of COVID-19 are up 70% over the previous week and deaths are up 26%, with outbreaks occurring… Continue reading Delta COVID variant now dominant strain worldwide; U.S. deaths surge – officials

Fed’s Powell says economy ‘a ways off’ from bond taper, inflation to ease

WASHINGTON (Reuters) The U.S. job market “is still a ways off” from the progress the Federal Reserve wants to see before reducing its support for the economy, while current high inflation will ease “in coming months,” Fed Chair Jerome Powell said in remarks prepared for delivery at a congressional hearing on Wednesday. “Inflation has increased… Continue reading Fed’s Powell says economy ‘a ways off’ from bond taper, inflation to ease

S&P 500 Slips From Record.

Powell Eyed The S&P 500 closed lower Tuesday, as banks fell even as quarterly results surprised to the upside, while data showed inflation continues to run at its hottest pace in decades ahead of Federal Reserve chairman Jerome Powell’s testimony on Wednesday.     The S&P 500 fell 0.3%, after hitting a record high of 4,392.30 earlier in… Continue reading S&P 500 Slips From Record.

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