Dollar rises as China COVID worries spur safe-haven buying
The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment.
Top European bankers warn on recession, China and U.S. banks
Deutsche Bank (DBKGn.DE) chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors.
European shares drop as policymakers seek to tame hot inflation
European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures to stamp out inflation amid rising risks of a recession.
Dollar gains as markets reassess Fed rate hike bets
The dollar edged higher in early London trading on Friday, after hawkish comments from U.S. Federal Reserve officials pushed against the idea this week’s U.S. inflation data could prompt the central bank to slow down policy tightening.
‘Recession is in the air’: German economy stagnates in 2nd quarter
The German economy stagnated in the second quarter, data showed on Friday, with the war in Ukraine, the pandemic and supply disruptions bringing Europe’s largest economy to the edge of a downturn.
Oil prices pushed up by low chances of OPEC+ supply boost
Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost.
EXCLUSIVE Trafigura set to take zinc out of LME system, fuelling concern -sources
Commodity trader Trafigura and other firms are moving to take large amounts of zinc out of London Metal Exchange approved warehouses in Asia, sources familiar with the matter said, fuelling concern about more problems at the exchange after chaotic nickel trading last month.
Oil prices rise on tight supplies, stable demand
Oil prices rose on Tuesday, recovering some of the previous session’s losses as Kazakhstan’s supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.
Oil rises above $105 after Russia attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply.
Oil rises on geopolitical risks, supply shortage
Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year.
