WTI Crude (Aug’22)

Asia markets rally; China keeps benchmark lending rate unchanged

SINGAPORE — Shares in the Asia-Pacific jumped Wednesday after a sharp bounce in US stocks overnight. The Nikkei 225 in Japan rose 2.33% with Fast Retailing and Tokyo Electron up 1.75% and 4.98% respectively. The Topix index gained 1.92%. Hong Kong’s Hang Seng index advanced 2.03%, and the Hang Seng Tech index was up 2.77%. …

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How to invest in energy stocks, oil companies: Morningstar strategist

Crude prices have broadly surged over the past year on the back of supply cuts and the Russia-Ukraine war; unsurprisingly, this has given oil stocks a major boost. But some of these companies are starting to look expensive, according to David Sekera, Morningstar’s chief US market strategist, who said there’s another corner of the sector …

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China GDP grows 0.4%, misses expectations

SINGAPORE — Chinese markets inched higher while stocks elsewhere in Asia fell Friday as investors watched for market reaction to China’s second-quarter GDP missing expectations. China’s GDP grew 0.4% in the second quarter, compared with 4.8% in the first quarter and the 1% that analysts in a Reuters poll predicted. The Shanghai Composite was fractionally …

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Look past the ‘misery’ and remember that the market will eventually recover, Jim Cramer says

CNBC’s Jim Cramer on Thursday reminded investors to stay the course in the market, as the pain will eventually go away. “The fact is, if you own stocks right now, the odds favor that you’re going to lose money. So why not just get out and circle back at a better moment? … Because losing …

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Singapore monetary policy, Australia unemployment rate

SINGAPORE — Mainland China markets led gains in Asia-Pacific on Thursday as Australia’s unemployment rate fell and Singapore tightened its monetary policy. The Shenzhen Component reversed losses to rise 1.259%, with energy stocks rising 3.68% according to Eikon data. The Shanghai Composite was up 0.31% and the CSI 300, which tracks the largest mainland-listed stocks, …

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Chevron CEO says market remains tight

The price of oil has tumbled below $100 per barrel as recession fears mount, raising concerns around demand for crude. But Chevron CEO Michael Wirth said the downturn could be fleeting. “The tightness in supply hasn’t gone away,” he said Wednesday at CNBC’s Evolve Global Summit. “I think it’s great for the economy that prices …

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Inflation is expected to be hotter in June, but a peak may be showing

June’s headline consumer price index is expected to have been even hotter than May’s report, but consumer inflation may have finally peaked given the decline in oil and gasoline prices in July. Headline CPI is expected to rise by 1.1%, compared with 1% in May, according to Dow Jones. On a year-over-year basis, CPI is …

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Another hot inflation report Q2 earnings make for difficult week ahead

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines …

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Japanese yen rises after reports that former PM Shinzo Abe shot

SINGAPORE — Japan’s stocks gave up some gains and the yen rose on reports that former Japanese Prime Minister Shinzo Abe was gravely injured in a shooting. The Nikkei 225 was up 0.49% and the Topix index 0.68% higher. Both indexes rose more than 1% earlier in the session. The yen was last traded at …

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Gasoline futures are dropping, which could mean more relief at the pump

Brie Oloootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images Prices at the pump have retreated from June’s never-before-seen levels, but remain stubbornly high. Some relief could be …

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