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  • Dow Futures Trade Lower As Tech Earnings Disappoint, Apple Sheds 2.8%

    Dow Futures Trade Lower As Tech Earnings Disappoint, Apple Sheds 2.8%0

    U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages finished mixed as investors grew cautious after a slew of mixed earnings reports. By 6:35pm ET (11:40pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.6% and Nasdaq 100 Futures were down 1.2%. In extended deals, Apple (NASDAQ:AAPL)

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  • Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

    Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories0

    Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by

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  • Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar

    Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar0

    Most Asian currencies fell on Monday, while the dollar rose as markets hunkered down ahead of highly awaited signals on U.S. monetary policy from a Federal Reserve meeting and a reading on U.S. consumer inflation. Most regional units were also nursing losses from last week, amid growing concerns over a potential recession in 2023, which

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  • Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply

    Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply0

    Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely offset positive supply-side signals from a bigger-than-expected draw in crude inventories. A growing number of Wall Street banks warned of a potential recession in 2023, especially if interest rates keep rising and if inflation proves

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  • Dow Futures Dip Following Mixed Session, Nonfarm Payrolls in Focus

    Dow Futures Dip Following Mixed Session, Nonfarm Payrolls in Focus0

    U.S. stock futures were trading lower during Thursday’s evening deals, following a mixed performance among major indices as market participants braced for key jobs data slated for release later in Friday’s session. By 6:25 PM ET (11:25 PM GMT) Dow Jones Futures were little changed, S&P 500 Futures eased 0.1% and Nasdaq 100 Futures dipped

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  • Asian Stocks Slammed by Fed Rate Hike Risks

    Asian Stocks Slammed by Fed Rate Hike Risks0

    Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling 1.5%, while Japan’s Nikkei 225 index lost 1.3%. The day’s losses also negated a soft rebound seen earlier

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