Euro slumps to two-decade low as recession fears grow

Euro slumps to two-decade low as recession fears grow

Euro drops to lowest level since end of 2002 Dollar rises on safe-haven demand Yen sinks near 24-year lows again NEW YORK/LONDON, July 5 (Reuters) – Safe-haven demand strengthened the dollar on Tuesday to levels last seen in 2002 while the euro slumped to two-decade lows as the latest surge in European gas prices fueled … Read more

Brent falls as recession fears deepen demand concerns

Brent falls as recession fears deepen demand concerns

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. REUTERS/Bing Guan Register now for FREE unlimited … Read more

Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, … Read more

Inflation at 24-yr high adds to strains in South Korea’s economy

Inflation at 24-yr high adds to strains in South Korea's economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since … Read more

Stocks up in holiday mood on resilient oil

Stocks up in holiday mood on resilient oil

Oil recovers after losing $1 a barrel in early trade Nikkei rises 0.84%, Chinese stocks up 0.7% FTSE up more than 1%, S&P futures down 0.3% Payrolls seen slowing this week, Fed minutes seen hawkish LONDON, July 4 (Reuters) – World stocks rose on Monday in trade thinned by a US holiday, benefiting from a … Read more

Stocks swing higher as China eases quarantine rules

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

Stock rally fizzles on revived inflation fears

Stock rally fizzles on revived inflation fears

Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the US dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – … Read more