Euro plunges to two-decade low vs dollar as economic fears mount

Euro plunges to two-decade low vs dollar as economic fears mount

LONDON, July 5 (Reuters) – The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural gas prices reignited worries about the health of the euro zone economy and data showed euro zone business growth slowed sharply in June . The euro tumbled 0.9% against the dollar to $1.0325, … Read more

Column: Oil bulls retreat as economic outlook darkens

Column: Oil bulls retreat as economic outlook darkens

An Oil and Natural Gas Corp’s (ONGC) well is pictured in an oil field on the outskirts of the western city of Ahmedabad, India, February 10, 2016. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register LONDON, July 4 (Reuters) – Investors continued to liquidate bullish long positions in petroleum last week as … Read more

Analysis: What’s slowdown? Canada’s economy to top G7 on high oil, crop prices

Analysis: What’s slowdown?  Canada’s economy to top G7 on high oil, crop prices

OTTAWA/WINNIPEG, June 29 (Reuters) – Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow G7 rich nations into recession. Russia’s invasion of Ukraine in February stranded the region’s wheat stockpiles and triggered Western sanctions on Russian crude, sending commodity prices surging. Central … Read more

Oil steady as concerns over weaker economy offset tight supplies

Oil steady as concerns over weaker economy offset tight supplies

A worker uses a petrol pump at a Brazilian oil company Petrobras gas station in Brasilia, Brazil March 7, 2022. REUTERS/Adriano Machado/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC, OPEC+ begin two days of policy meetings US inventors down as refiners pick up activity US crude production reaches high since … Read more

Morning Bid: When bad data is just that

Morning Bid: When bad data is just that

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 17, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Julien Ponthus. Much of the market rebound from the lows hit on June 17 was credited to … Read more

Morning Bid: The Sintra stage

Morning Bid: The Sintra stage

President of European Central Bank Christine Lagarde addresses a news conference following the meeting of the Governing Council’s monetary in Frankfurt, Germany March 10, 2022. Daniel Roland/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Sujata Rao The Portuguese village of Sintra … Read more

Market positioning suggests more pain for equities despite rout, Bank of America says

Market positioning suggests more pain for equities despite rout, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial … Read more

Stocks rally, copper extends fall as investors assessed, recession risk

Stocks rally, copper extends fall as investors assessed, recession risk

US stocks sharply higher early Copper falls again, oil higher Treasury yields edge up NEW YORK, June 24 (Reuters) – Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased … Read more

Column: Diesel demand set to drop as an enter recession

Column: Oil bulls retreat as economic outlook darkens

A diesel fuel nozzle is pictured during refuelling of a car, at a filling station, after Russia’s invasion of Ukraine, in Bad Honnef near Bonn, Germany March 13, 2022. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – US diesel consumption is likely to decline by 200,000 … Read more

Column: Wild 2022 in grain markets sparks 2008 comparisons

Column: Oil bulls retreat as economic outlook darkens

Wheat grains are seen at the Farmers Cooperative Exchange during harvesting in Bessie, Oklahoma, US, June 12, 2019. REUTERS/Nick Oxford Register now for FREE unlimited access to Reuters.com Register NAPERVILLE, Ill., June 22 (Reuters) – Chicago wheat prices inked new records this year, trading at levels seen only in 2008. The recent state of the … Read more