Wall Street ends mixed after punishing week

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Ross Stores plunges after cutting 2022 forecast S&P 500 +0.01%, Nasdaq -0.30%, Dow +0.03% May 20 (Reuters) – Wall Street ended … Read more

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

COLOMBO, May 20 (Reuters) – Thousands of people queued for cooking gas and oil in Sri Lanka’s commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic crisis. Lines formed in many parts of Colombo, a city of around 900,000 people, as residents … Read more

Global markets in “unambiguous contrarian buy territory,” Bank of America says

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register LONDON, May 20 (Reuters) – The trillions wiped off global markets in … Read more

‘We are going to die’: Sri Lanka warns of food shortages

COLOMBO, May 20 (Reuters) – Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertilizer for the next planting season to boost productivity. A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilizers … Read more

Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of gains … Read more

BoE faces historic test but not to blame for inflation, Bailey says

Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report at the Bank of England in London, Britain May 5, 2022. Frank Augstein/Pool via REUTERS Register now for FREE unlimited access to Reuters.com register Bailey: inflation is biggest test for BoE in 25 years Governor pushes back at criticism … Read more

Asia stocks struggle after dire China data

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar … Read more

Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on … Read more

Indexes fall, led by Nasdaq, as inflation data offers little relief to investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register US consumer prices slow in April; inflation still high Coinbase falls on Q1 revenue slump, net loss Indexes: Dow down 0.1%, S&P down 0.6%, … Read more

Shares rise, yields off slightly after U.S. inflation data

NEW YORK/MILAN, May 11 (Reuters) – The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed US inflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking. US stock futures initially lost ground after core inflation, excluding items such … Read more