Analysis: Recession fears deal blow to rare 2022 market winner: US energy shares

Analysis: Recession fears deal blow to rare 2022 market winner: US energy shares

NEW YORK, July 6 (Reuters) – A rally in US energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year. The S&P 500 energy sector (.SPNY) is still up 20% year-to-date, bucking a broader … Read more

Global markets steady but recession fears remain

Global markets steady but recession fears remain

Dollar near two-decade high vs euro Euro huddles at 20-yr low; sterling squeezed European stocks rebounds after a steep drop LONDON/SINGAPORE/TOKYO, July 6 (Reuters) – Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge … Read more

Morning Bid: Hoping for a calmer H2? Forget it

Morning Bid: Hoping for a calmer H2?  Forget it

A picture illustration of US dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pembel Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Saikat Chatterjee. Investors hoping the second half of the year will bring some relief after … Read more

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

EU ministers seek deals on climate laws as economy woes test green pledges

EU ministers seek deals on climate laws as economy woes test green pledges

Solar panels are pictured at a solar energy park in Saelices, Spain, May 11, 2022. Picture taken May 11, 2022. Picture taken with a drone. REUTERS/Guillermo Martinez Register now for FREE unlimited access to Reuters.com Register Ministers meet to seek deals on package of climate laws Moves to weaken some measures as energy shock bites … Read more