Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the U.S.
U.S. stocks fell on Wednesday, with the tech-heavy Nasdaq leading losses after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russia and Ukraine added to caution.
Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the U.S.
The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody's said on Wednesday, unless the situation continues for an extended period or escalates to other countries.
Possible western sanctions against Russian banks will lead to a spike in market volatility but Russia will be able to withstand restrictions thanks to abundant reserves, Finance Minister Anton Siluanov said on Wednesday.
Canada's main stock index fell on Wednesday, after domestic data showing the annual inflation rate accelerated in January raised fears of quicker interest rate hikes and as Shopify Inc's dismal forecast dented sentiment.
Banks and financial advisers in Britain have called for more time to introduce a new 'duty of care', a landmark change in consumer protection to combat mis-selling and scams.
Paraguay's soybean crushing industry will run out of beans to process by the middle of the year due to a drought hammering production, the country's trade industry body told Reuters, adding it was in talks to import beans for the first time ever.
Lithuania's central bank has told the country's banks to prepare for power cuts and cyberattacks as Russia's standoff with Ukraine risks spilling over into a military conflict, according to a document and two sources familiar with the matter.
Israel's economy grew at its fastest pace in 21 years in 2021 as consumer spending, exports and investment rebounded with double-digit gains following a pandemic-stifled 2020, raising the spectre of the central bank raising interest rates soon.
Israel's economy grew at its fastest pace in 21 years in 2021, bouncing back amid double-digit gains in consumer spending, exports and investment after a very weak 2020 that was stifled by the coronavirus pandemic.
Federal Reserve officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that decisions would depend on a meeting-by-meeting analysis of data, according to minutes of the Jan.
The United States needs to pursue new strategies and update its domestic trade tools to deal with China's "state-led, non-market policies and practices", the U.S.
The Bank of Japan has no plan now to change an implicit 0.25% cap set around its yield target, though a tweak in the future cannot be ruled out, governor Haruhiko Kuroda said on Wednesday.
European stocks made cautious gains on Wednesday on hopes of a de-escalation of tensions between Russia and Ukraine, although accelerating inflation kept a lid on Britain's blue-chip index.
European stocks made cautious gains on Wednesday, pushed higher by commodity-heavy stocks with Russia-Ukraine tensions in focus, while Swedish telecom firm Ericsson slumped after investigations showed misconduct.
Keen to downplay anxieties about war in Europe, global investors appear to fear a monetary policy miscalculation even more.
British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.
British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.
Top Indonesian economic officials on Wednesday backed the expanded use of local currencies in trade and investment, instead of the U.S.
World stocks crept higher on Wednesday for the second day in a row, while safe-haven assets such as government bonds and gold lost ground, despite Western scepticism over Russian claims of a troop pullback from Ukraine's borders.
Asian shares rallied on Wednesday as fears of a Russian invasion of the Ukraine this week dissipated after Moscow indicated it was returning some troops to base from exercises, delivering investors a measure of relief.
Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish reading of minutes from the Federal Reserve's meeting last month helped stocks rebound on Wall Street.
World stocks edged lower while oil and gold rose on Wednesday with markets seeking signs of de-escalation after NATO and the United States said they have not seen Russia pull back troops from Ukraine's borders.
Middle East benchmark Dubai crude soared to a record this week while spot premiums for April-loading Russian oil jumped to their highest in more than two years in Asia, trade sources said on Wednesday as prices returned to pre-pandemic levels.
The U.S. Federal Reserve will kick off its tightening cycle in March with a 25-basis-point interest rate rise, a Reuters poll of economists found, but a growing minority say it will opt for a more aggressive half-point move to tamp down inflation.
Senate Republicans on Tuesday delayed a pivotal committee vote on President Joe Biden's nominees to the Federal Reserve Board, including Jerome Powell as chair, when they boycotted the proceeding over objections to Sarah Bloom Raskin as the central bank's Wall Street regulator.
The U.S. Securities and Exchange Commission (SEC) is probing whether financial executives may have broken the rules by tipping off hedge funds ahead of large sales of shares, known as "block trades," according to a source with knowledge of the matter.
Republicans' Tuesday boycott of a vote to advance the nomination of Sarah Bloom Raskin as the Federal Reserve's Wall Street cop will further delay regulatory changes which have been in limbo since Randal Quarles stepped down as Vice Chair for Supervision in October.
Republicans' Tuesday boycott of a vote to advance the nomination of Sarah Bloom Raskin as the Federal Reserve's Wall Street cop will further delay regulatory changes which have been in limbo since Randal Quarles stepped down as Vice Chair for Supervision in October.
