Global Markets

U.S. crude oil inventories sank by 4.6 million barrels in the week to Dec. 10, data from the U.S. Energy Information Administration showed.

Wall Street ended sharply higher on Wednesday after the Federal Reserve said it would end its pandemic-era bond purchases in March as it exits from policies enacted at the start of the...

South Korea’s Kospi closed near flat to 2,989.39 during Asia's trading hours, while in Australia, the S&P/ASX 200 dipped 0.7% to 7,327.10.

American Petroleum Institute data showed U.S. crude oil stocks fell by 815,000 barrels in the week ended Dec. 10, according to market sources

Chinese stocks declined on Tuesday, tracking other losses in Asia-Pacific markets, as the omicron variant returned to focus. Meanwhile, bitcoin prices continued to tumble after some losses overnight.

Still, the Organization of the Petroleum Exporting Countries raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use.

Global markets were mixed this week, with downs at the beginning of the week with equity markets later rebounding, after two weeks of losses.

Elon Musk, chief executive of Tesla Inc, tweeted that he is "thinking of quitting my jobs & becoming an influencer full-time." The electric-car maker's stock advanced 1.3% during trading on wall street.

Asia-Pacific markets declined on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the U.S. Japan’s Nikkei 225 extended losses from...

A stronger dollar, rising ahead of U.S. inflation data due later on Friday, also weighed on fuel prices. Oil typically falls when the dollar firms as it makes oil more expensive for...

In consumer staples on wall street, heavyweight electric car maker Tesla Inc was the biggest percentage decliner, falling 6%.

Oil prices extended gains on Thursday on confidence that the omicron coronavirus variant would not dent global growth, even as some governments stepped up curbs to stop its rapid spread. U.S. West Texas...

Wall Street closed slightly higher on Wednesday with the three major indexes managing their third straight day of gains after test data showed the COVID-19 vaccine from Pfizer and BioNTech offered some...

Mainland Chinese markets jumped in Asia in afternoon trade on Wednesday. Troubled Chinese real estate developers are back in the spotlight, while Chinese social media giant Weibo had a disappointing market debut...

Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the omicron coronavirus variant on global fuel demand and the effectiveness of...

Investors on wall street were also reassured by positive news about the Omicron variant of COVID-19, which had helped send them fleeing from risky bets last week.

Stocks across Asia - Pacific markets jumped on Tuesday, bouncing back from Monday losses on optimism that the omicron variant risk might not be as bad as feared.

A delay in the return of the Iranian oil supply also supported prices. Indirect U.S.-Iran nuclear talks have hit roadblocks. Germany urged Iran on Monday to present realistic proposals in talks over...

Australia’s S&P/ASX 200 closed near the flatline to 7,245.10, also recovering from slight losses earlier. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.83%.

On Sunday, Saudi Arabia raised January official selling prices for all crude oil grades sold to Asia and the United States by up to 80 cents from the previous month.

Investors across global markets were set for lots of reactions during the week. On top of the list was the Omicron variant of the coronavirus and the massive lockdowns which various countries...

Wall Street's major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support all...

Asia-Pacific stocks were mixed on Friday, following days of turbulent trading this week as investors continue to monitor the situation surrounding the omicron Covid variant. Chinese tech stocks in Hong Kong plunged...

Stocks in Asia-Pacific struggled for direction on Thursday, as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment. Hong Kong’s Hang Seng index rose 0.55% to close...

Oil prices rose on Thursday, recouping the previous day's losses, as investors adjusted positions ahead of an OPEC+ decision oversupply policy, but gains were capped amid fears the Omicron coronavirus variant will...

Major Asia-Pacific markets fell in Tuesday trade as investors in the region continued to track developments surrounding the omicron variant. Major markets in the region fell after Moderna CEO Stephane Bancel told the Financial...

Oil prices gave up gains on Tuesday, falling more than 2% along with broader financial markets after a media report cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus...

Major markets in Asia-Pacific largely fell on Monday as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. Hong Kong’s Hang Seng index slipped 0.95% to close at 23,852.24. Hong Kong-listed shares...

 Oil prices rebounded on Monday as investors looked for bargains after Friday's slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, but the...

Chinese markets weakened in line with other global markets, with the CSI index easing 0.6% and the Shanghai Composite Index ending flat amid U.S.-China tensions and rising economic pressures that raised expectations...

Shares in Asia-Pacific dropped on Friday, with stocks in Hong Kong and Japan leading losses regionally as fears of a new Covid variant weighed on investor sentiment. World Health Organization officials said...

Oil prices slid more than 2% on Friday on concerns that a global supply surplus could swell in the first quarter following a U.S.-led coordinated release of crude reserves among major consumers...

Shares in Asia-Pacific were mixed on Thursday as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi dipped 0.47% to close at 2,980.27 after the Bank of Korea raised its policy rate by...

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed...

Nvidia rallied 2.9% on wall street as it bounced back from a selloff in Big Tech stocks early this week. The graphics chipmaker is now up about 150% in 2021.

Shares in Asia-Pacific were mixed on Wednesday, with Japanese stocks leading losses regionally. The Nikkei 225 in Japan fell 1.58% to close at 29,302.66 while the Topix index declined 1.16% to 2,019.12. Markets in...

Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day’s rally ahead of...

The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names.

Shares in Asia-Pacific were mixed on Tuesday as investors watched for market reaction to U.S. President Joe Biden picking Jerome Powell for a second term as Federal Reserve chair. Hong Kong’s Hang Seng index declined more than 1% as of...

Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk the United States, Japan and India will release crude reserves to tame prices despite the threat of demand...

In extended trade, Zoom Video Communications jumped 6% on the Nasdaq after the video-conferencing company posted quarterly revenue that beat expectations.

Shares in Asia-Pacific were mixed on Monday as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong dipped 0.39%, closing at 24,951.34. Hong Kong-listed shares of JD.com and NetEase gained 1.93% and 3.02%,...

Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help counter soaring oil prices following a request from the United States to release oil from its emergency stockpile.

Global markets are up roughly 25% so far this year, and its path to get here has been nearly stumble-free, with just one 5% dip along the way. 

Chipmaker Nvidia Corp rose 4.1% on the Nasdaq, to its third straight closing high, and the Philadelphia semiconductor index, up 0.3%, hit its third record closing high in four.

Asian markets were mainly lower on Friday as Hong Kong shares slumped, extending losses from the previous session as some of China’s biggest tech names remained under pressure. The benchmark Hang Seng index declined...

Oil prices rose on Friday, after wild swings the day before, on investor concerns that potential coordinated releases by the world's major economies of their official crude reserves to try to lower...

 Asia-Pacific markets traded mixed on Thursday, following overnight losses on Wall Street, as shares in Japan, Hong Kong and the Chinese mainland struggled for gains. Hong Kong’s Hang Seng Index fell 1.29% to 25,319.72 while...

Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves following a Reuters report that the United States was asking big crude consumers...

Declines across Asia-Pacific stocks were seen by Wednesday’s close, with data showing Japan’s exports growth hit an eight-month low. Markets in the U.S., however, were lifted on the back of stronger-than-expected retail...

Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on the Biden administration to release oil from emergency reserves to cap soaring...

The positive data helped wall street investors look past comments from St. Louis Federal Reserve President James Bullard, who called for a more hawkish stance by the central bank in response to...

Shares in Asia-Pacific were mixed on Tuesday as investors reacted to a virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Hong Kong’s Hang Seng index closed 1.27% higher at 25,713.78. Shares of gaming hardware firm Razer in...

Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Europe. Brent...

Wall Street indices closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks,

Shares in Asia-Pacific were mixed on Monday as investors reacted to the latest Chinese economic data for October. Mainland Chinese stocks closed lower, with the Shanghai composite slipping 0.16% to 3,533.30 while the Shenzhen component dipped...

Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand. Brent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel, as of 0151 GMT.  U.S. West Texas...

The week ended mixed for global markets backed by inflation concerns and the risks of default from Chinese real estate companies led by China Evergrande and Kaisa Holdings Limited.

Shares in Asia-Pacific advanced on Friday as technology shares mostly rose, following overnight gains for their counterparts on Wall Street. Hong Kong-listed shares of JD.com soared nearly 5% following the Singles Day online shopping...

Oil prices slipped on Friday, wiping out gains from the previous session, as the dollar continued to rise on bets the U.S. central bank will bring forward plans to raise rates to...

Tesla Inc extended its decline, shedding 0.4% during trading on wall street following news that CEO Elon Musk sold about $5 billion of the stock in the company over the last few...

Asia-Pacific stocks were mixed on Thursday after data released overnight showed U.S. consumer inflation spiked in October. Shares of China Evergrande Group listed in Hong Kong surged 6.75%, following a report from Chinese...

 Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs amid a broader surge...

All three major wall street indices fell, extending their losses throughout the trading day and adding to Tuesday’s sell-off which snapped the S&P 500’s and Nasdaq’s eight-session runs of all-time closing highs.

 Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October. Hong Kong’s Hang Seng index gained 0.74% to close at 24,996.14. Hang Seng Index Performance...

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near term travel demand picked up with pandemic...

Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.

Shares in Asia-Pacific were mixed on Tuesday following overnight gains on Wall Street that took the major indexes to record closing highs. Meanwhile, bitcoin touched a record high.

Oil prices rose for a third straight session on Tuesday as the passage of a U.S. infrastructure bill, Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand.

Shares in Asia-Pacific were mixed on Monday as investors reacted to China’s trade data released over the weekend. Mainland Chinese stocks recovered from earlier losses to close higher, with the Shanghai composite up 0.2%...

Oil prices rose on Monday after Saudi Arabia's state-owned oil producer Aramco raised the official selling price for its crude, suggesting demand remains strong at a time of tighter supplies. Brent crude...

November started off on solid footing for global markets, with equity markets logging their best weekly return in more than four months.

Fresh concerns have been raised about China’s property sector as Kaisa Group has become the latest developer to miss a payment to investors. The Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth...

Wall Street’s benchmark indices scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19....

Stocks in Asia-Pacific were mixed on Friday as shares in Hong Kong led to losses among the region’s major markets. Hong Kong’s Hang Seng index slipped 1.41% to finish the trading day at 24,870.51....

Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted...

Shares in Asia-Pacific rose on Thursday following the U.S. Federal Reserve’s announcement that it will start tapering the pace of its bond purchases later in November. The Nikkei 225 in Japan closed 0.93% higher at 29,794.37 while...

Oil prices extended declines on Thursday after Iran and world powers agreed to resume nuclear talks this month that could lead to the removal of U.S. sanctions on Iranian oil, increasing global...

Major Wall Street indexes posted solid gains and marked closing record highs as the Federal Reserve said it will begin trimming its monthly bond purchases in November.

Shares in Asia-Pacific were mixed on Wednesday as investors looked ahead to the end of the U.S. Federal Reserve’s two-day meeting for clues on tapering. In South Korea, the Kospi declined 1.25% to finish the trading day...

Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world's largest oil consumer, and as pressure mounted...

In company news, shares of Under Armour Inc jumped 16.5% on wall street after the athletic apparel maker raised its annual forecasts.

Shares in Asia-Pacific were mixed on Tuesday, as Hong Kong-listed shares of Chinese real estate firms fell amid renewed fears. By the market close in Hong Kong, China Evergrande Group’s stock fell 2.9% while China...

Oil prices were steady on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world's top crude consumer China ramped up operating rates to...

 Shares in Asia-Pacific were mixed on Monday as investors reacted to economic data that showed a mixed picture of Chinese manufacturing activity in October. Japanese stocks led gains regionally as the Nikkei 225 jumped...

 Oil prices dropped on Monday as China's release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude...

Shares in Asia-Pacific were mixed on Friday as investors monitored stocks of Apple suppliers after the tech giant’s revenue miss. Mainland Chinese stocks closed higher as the Shanghai composite advanced 0.82% to 3,547.34 and the Shenzhen...

U.S. oil stocks rose much more than expected in the week to Oct. 22, data from the Energy Information Administration showed on Wed.

Facebook CEO Mark Zuckerberg announced the change Thursday, saying he wanted a new brand and a clearer corporate structure to help focus on what's next for the internet beyond social media in...

Shares in Asia-Pacific were lower in Thursday trade as the Bank of Japan announced its decision to hold steady on monetary policy. The Nikkei 225 in Japan declined 1.05% while the Topix index shed 0.69%. Retail...

Oil prices slumped to their lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude, and rising cases of COVID-19 in Europe, Russia, and some outbreaks...

 Shares in Asia-Pacific were lower on Wednesday, with Chinese tech stocks in Hong Kong seeing big losses. Hong Kong-listed shares of Tencent dropped 2.99% on Wednesday while Alibaba fell 2.95% and Meituan plunged 5.09%. The Hang Seng...

Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world's largest oil consumer....

Stocks in Asia-Pacific were mixed on Tuesday after major indexes on Wall Street rose to record closing highs stateside. Japanese stocks led gains regionally as the Nikkei 225 jumped 1.77% to close at 29,106.01 while the...

Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally driven by strong demand in the United States, the world's biggest consumer of crude and its...

Shares in Asia-Pacific were mixed on Monday as investors reacted to the release of HSBC earnings. Hong Kong’s Hang Seng index closed little changed at 26,132.03. Hong Kong-listed shares of HSBC rose 0.43% after the bank...

Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies...

Asia-Pacific markets were mixed on Friday, as shares of China Evergrande Group surged in Hong Kong following media reports that the embattled developer is set to pay off a coupon payment on a dollar-denominated bond....

Oil prices fell on Friday with Brent on track for its first weekly dip in seven weeks as demand for oil products in power generation cooled off amid easing coal and gas...

Stocks in Asia-Pacific were mixed on Thursday, as investors monitored shares of developer China Evergrande Group in Hong Kong. Evergrande shares dropped 12.54%, having returned to trade on Thursday after a halt that lasted...