Month: February 2022

Futures slide as West ratchets up sanctions against Russia

Feb 28 (Reuters) – U.S. stock index futures dropped on Monday as investors assessed the fallout from a new set of sanctions imposed by the Western countries on Russia over its invasion of Ukraine. World stocks slid, oil prices jumped and Russia’s rouble tanked to record lows after the Western allies blocked Russian banks off […]
Read More

U.S. consumer spending beats expectations in January; inflation rises further

WASHINGTON, Feb 25 (Reuters) – U.S. consumer spending increased more than expected in January, but price pressures continued to mount, with annual inflation surging at rates experienced four decades ago. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 2.1% last month after falling 0.8% […]
Read More

Stocks slump, oil rips past $100 as Russia invades Ukraine

LONDON, Feb 24 (Reuters) – Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine. Markets displayed all the predictable reactions. Europe’s stock markets tumbled nearly 4% in frenzied selling […]
Read More

Analysis: ECB has to fight housing bubble with its hands tied

FRANKFURT, Feb 23 (Reuters) – From Luxembourg to New Zealand, global house prices have been surging as pandemic stimulus and a shift to work from home added fuel to a multi-year boom driven by historically low interest rates. But whereas authorities from Auckland to Stockholm have shown they can pull monetary and regulatory levers to […]
Read More

Saudi Aramco in talks on more investments in China

RIYADH, Feb 21 (Reuters) – Oil giant Saudi Aramco is in talks with partners in China about further investments in the country, CEO Amin Nasser said on Monday. “China is an important part of Aramco’s base,” Nasser told reporters on the sidelines of a conference in Saudi Arabia. “And we are currently in discussions with […]
Read More

U.S. weekly jobless claims rise; housing starts fall

WASHINGTON, Feb 17 (Reuters) – The number of Americans filing new claims for jobless benefits unexpectedly rose last week, but remained below pre-pandemic levels as labor market conditions continue to tighten. The first increase in a month reported by the Labor Department on Thursday did not change economists’ expectations for another month of solid employment […]
Read More

Canadian dollar gains as investors assess hot inflation data

TORONTO, Feb 16 (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January. Canada’s annual inflation rate accelerated in January to a 30-year high of 5.1%, as food and housing costs continued to rise, while the average of the […]
Read More

At vero eos et accusamus et iusto odio digni goikussimos ducimus qui to bonfo blanditiis praese. Ntium voluum deleniti atque.

Melbourne, Australia
(Sat - Thursday)
(10am - 05 pm)