IBT Staff Reporter

9541-9570 (out of 154954)

Oil Prices Drop On Profit-taking, Supply Fears Linger

Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia.

Dollar Starts Week Strong, Poor Chinese Data Hurts Aussie

The dollar started the week just off a 20-year high against its peers on Monday, as investors sought safety due to fears about global growth that were highlighted by Monday's poor Chinese economic data, sending the Aussie dollar lower.

Yields Slip, Stocks Struggle As Economic Fears Grow

U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note's yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes.

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