NEW YORK - World stocks edged lower Tuesday despite broad gains in Europe and rising oil prices as markets remained in the grip of trade turbulence.
Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China.
Gold’s losses in June, driven by an ascendant dollar, have put it on course for the biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the U.S. presidential election.
TOKYO (Reuters) - Asian shares got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in productio
BENGALURU (Reuters) - The European Central Bank will end its asset purchases by year-end as scheduled, according to a Reuters poll of economists who said the risk bond-buying will continue into next year was low, even with growth likely to slow and inflat
PARIS (Reuters) - The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.
WASHINGTON (Reuters) - U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing.
TOKYO (Reuters) - Asian stocks skidded to a four-month low on Tuesday as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies that has rattled financial market
SINGAPORE (Reuters) - Oil prices dipped on Tuesday on expectations that producer cartel OPEC and key ally Russia will gradually increase output after withholding supplies since 2017.
The USD was weaker heading into this morning’s FOMC announcement but has recovered after a more hawkish statement was delivered.