Morning bid: Rethinking recession risks and AI, markets take fright
A look at the day ahead in U.S. and global markets from Mike Dolan August looks anxious already – as stock markets take fright at Big Tech earnings and start…
Dollar falls as data points to economic slowdown; sterling weak
Investing.com – The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world’s largest economy, potentially prompting the Federal Reserve…
Oil prices up but on course for fourth weekly fall amid demand concerns
By Noah Browning LONDON (Reuters) -Oil prices rose on Friday but were on course for a fourth successive weekly decline as signs of disappointing global fuel demand growth outweigh fears…
Gold prices in sight of record high amid growth fears, rate cut bets
Investing.com– Gold prices rose in Asian trade on Friday and were in sight of a record high as a rout in global markets, amid concerns over an economic slowdown, fueled…
Asia FX muted, dollar steadies with nonfarm payrolls on tap
Investing.com– Most Asian currencies moved in a tight range on Friday as growing risk-aversion in global financial markets sparked some safe haven flows into the dollar, while markets awaited key…
Oil prices set for fourth weekly fall as demand concerns weigh
By Shariq Khan (Reuters) -Oil prices rose on Friday but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth outweighed fears of supply…
Australia, NZ dollars grapple with risk aversion as US growth fears weigh
SYDNEY (Reuters) – The Australian dollar was pinned near three-month lows on Friday as weak U.S. data fuelled fears of a sharp slowdown in the world’s largest economy, sending investors…
Oil prices rise but head for fourth week in red on demand concerns
Investing.com– Oil prices rose in Asian trade on Friday but were headed for a fourth straight week of losses as concerns over slowing economic growth and demand largely offset a…
US recognizes Maduro’s opponent as winner in Venezuela election
By Kanishka Singh and Matt Spetalnick WASHINGTON (Reuters) – The United States on Thursday recognized Venezuelan President Nicolas Maduro’s opponent and opposition candidate Edmundo Gonzalez as the winner of Venezuela’s…
Oil set to fall for fourth week as demand concerns weigh on sentiment
By Shariq Khan (Reuters) – Oil prices rose on Friday but were set for a fourth weekly decline as signs of disappointing global fuel demand growth outweighed fears of supply…
