Dollar Has Fresh Highs in Sight as Inflation Data Should Confirm Fed Jumbo Hike

By Yasin Ebrahim — The dollar could mount a move toward fresh highs for the year as inflation data set for later this week showing that core inflation likely remains on the up and up should all but confirm the prospect for another jumbo-sized rate hike next month. The , which measures the greenback … Read more

Dollar Steady After Fed Talk Drives Fresh Surge; Payrolls Eyed

By Geoffrey Smith — The dollar was broadly flat in early dealings in Europe on Friday, holding on to the gains it made on the back of more hawkish commentary from the Federal Reserve on Thursday. By 03:30 ET (07:30 GMT), the , which tracks the greenback against a basket of six advanced economy … Read more

Gazprom Threatens Ukraine With Non-Payment for Gas Transit in Fresh Escalation

By Geoffrey Smith — Russian gas monopoly Gazprom (MCX:) took an important step toward cutting off almost all of its remaining supplies to the EU on Tuesday, as the Kremlin pulled its last remaining levers to pressure western and central Europe into dropping its support for Ukraine. In a post on its official Telegram … Read more

Dollar Surges to Fresh 20-Year High on Hawkish Fed

By Ambar Warrick– The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest rates and struck a more hawkish than expected tone in its latest meeting. The rose as much as 1% to 111.47, its highest level since June 2002, while … Read more

FedEx troubles set off fresh worries over global economy

New York, Sep 17 (IANS) The FedEx Corp (NYSE:).s warning of a sharp drop in package deliveries set off fresh worries among investors about the outlook for the global economy, sparking another down day in stock markets. The delivery giant’s shares lost 21 per cent on Friday, its biggest one-day percentage drop ever, after the … Read more

S&P 500 Slips as FedEx Profit Warning Triggers Fresh Global Growth Worries

By Yasin Ebrahim — The S&P 500 fell Friday, led by a FedEx-induced plunge in industrials after the shipments company’s profit warning triggered fresh worries about the global economy ahead of an expected Federal Reserve rate hike next week. The fell 1.1%, the fell 0.8%, or 244 points, the was down 1.4%. Industrials fell … Read more