Author: Will Smith
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Fears Of A Rate Hike Cause Stocks To Decline And The Dollar To Climb
On Monday, Asian markets sank the most in two weeks as investors worried about quick rate hikes and its impact on the dollar price in the United States and the weakening economy, while the euro found support following the re-election of French President Emmanuel Macron. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) sank…
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Exxon Expects Milestone Quarterly Earnings From Gas And Oil Prices
Exxon Mobil Corp stated on Monday that its first-quarter earnings could set a seven-year high, with operating income from oil and gas production alone reaching $9.3 billion. Operating income from oil and gas, the firm’s largest segment, might increase by as much as $2.7 billion over the previous quarter’s $6.6 billion, according to a glimpse…
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Globalization, According To Larry Fink, Is Over. What Does This Signify For Markets?
The Russia-Ukraine war, according to BlackRock founder Larry Fink, is bringing the era of globalization to an end, but economists warn investors should keep in mind that the worldwide economy and financial system can’t flip on a dime. Fink emphasized his belief in the benefits of globalization in his annual investor letter, which was posted…
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Oil Prices Soared To Almost $120 Per Barrel After Attack On Saudi Facilities
On Friday, crude prices jumped more than 1 percent to more than $120 a barrel, as investors assessed the consequences of a missile attack on a Saudi Arabian oil supply plant against the prospect of the United States unleashing its crude stocks. After allegations of an attack on a Saudi oil plant raised fears about…
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Asian Stocks Tumbles As Ukraine War Boosting Inflation Concerns
Asian stocks fell on Thursday as traders considered the emerging trends in the Ukraine conflict and more hawkish remarks from US Federal Reserve officials, while US bond trading was paused and oil prices rose. Outside Japan, MSCI’s broadest index of Asia-Pacific stocks (.MIAPJ0000PUS) fell 0.6 percent. After hitting a two-month high the previous session, Japan’s…