S&P 500 sinks to two-year low as bear market deepens

S&P 500 lowest since November 2020 Utilities and consumer discretionary sectors lead declines Investors worried about slowing corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% Sep 27 (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as Federal Reserve policymakers … Read more

World stocks edge above Nov 2020 lows, sterling recovers some ground

Join now for FREE unlimited access to Reuters.com Register The dollar has eased since its 20-year highs reached on Monday German 10-year bond yields hit near 11-year highs Oil rebounds from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – Global stocks rebounded on Tuesday after hitting a 21-month low and the pound rebounded after … Read more

Oil prices fall for a second day on concerns for expected recession

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register September 26 (Reuters) – Oil prices fell for the second day on Monday on fears of lower fuel demand due to an expected … Read more

Sterling collapses as investors fly into dollars

Join now for FREE unlimited access to Reuters.com Register The pound sterling hits a record high; risk of reaction from the BOE Euro down 1%; The Aussie, Kiwi and Yuan hit multi-year lows S&P 500 futures fall 0.6% SYDNEY, Sept 26 (Reuters) – The pound fell to a record high on Monday, sparking speculation of … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears … Read more

Airbus slams sceptical supplier Raytheon over jet output

Join now for FREE unlimited access to Reuters.com Register PARIS, Sept 23 (Reuters) – Europe’s Airbus (AIR.PA) clashed on Friday with U.S. giant Raytheon Technologies (RTX.N) over plans to ramp up production of jet planes to a record high. line, after the industry’s largest contractor questioned whether a failing supply chain could carry on. The … Read more

Wall Street ends down for third day as growth concerns weigh on tech

Join now for FREE unlimited access to Reuters.com Register Tech stocks down after latest Fed rate move Investors are concerned about the possibility of a recession Darden Restaurants falls on disappointing quarterly sales JetBlue posts lowest close since March 2020 Indices down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37% Sept 22 (Reuters) – Wall Street’s major … Read more

Japan intervenes to stop yen slide, after BOJ holds rates super low

BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen Bank of Canada says it didn’t help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in … Read more

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Join now for FREE unlimited access to Reuters.com Register Dollar index hits two-decade high The euro drops to its lowest level in two decades Putin announces partial troop mobilization for Ukraine Markets assess Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar hit a new two-decade high on Wednesday just ahead … Read more

Europe burns cash to help businesses in deepening energy crisis

Join now for FREE unlimited access to Reuters.com Register Gas prices in Europe soared amid Ukraine crisis Utilities face a cash crunch Germany ‘will do everything possible’ to help businesses Russian mobilization triggers soaring oil prices BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would cut … Read more