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China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its …

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Oil drops with dollar on recession fears; Wall Street ends mixed

Oil hits pre-Ukraine lows as demand outlook worsens Bank of England expects recession throughout 2023 Treasury yield curve inversion deepens Dollar drops; sterling slides against euro OTTAWA, Aug 4 (Reuters) – Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England’s warning of a drawn-out …

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Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last week. …

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Oil falls 2% on U.S. crude, gasoline build, slight OPEC+ hike

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register U.S. crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target U.S. had …

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Stocks and bond yields fall on Taiwan tensions

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register MSCI World Index falls 0.4% Bond yields …

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Oil drops as weak China factory data fan demand concerns

SINGAPORE, Aug 1 (Reuters) – Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures were down $1.19, or 1.1%, at $102.78 a …

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Exxon, Chevron post blowout earnings, oil majors bet on buybacks

High prices, margins lift majors to best quarters in history Exxon earnings surpass previous record set in 2012 July 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for …

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