By Stella Qiu SYDNEY (Reuters) - Asian shares were subdued after Wall Street wobbled overnight with markets bracing for key U.S. inflation data on ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Stella Qiu
At the forefront of markets' minds is the crucial U.S. Consumer Price Index report expected on Wednesday, which should shed further light on the inflation outlook and provide some clarity about whether the Federal Reserve is done tightening. "When you have those sort of volatility in the food and energy components, the worry is that if it's persistent then it does tend to bleed into core inflation measures over time."
Apple dropped 1.8% after unveiling new iPhones while not increasing prices as it faces a global smartphone glut, and Oracle shares tumbled more than 13% after the cloud-services provider forecast current-quarter revenue below targets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets await U.S. inflation test, surging oil add to price jittersAsian shares were subdued after Wall Street wobbled overnight with markets bracing for key U.S. inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro edged higher and markets moved to favour a hike from Europe's central bank on Thursday, following a Reuters report that the European Central Bank (ECB) expects inflation will stay above 3% next year in its updated forecasts, well above its target of 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was flat while Tokyo's Nikkei eased 0.2%.
Read more »
South African rand slips as markets await US inflation dataMarket News
Read more »
Energy stocks boost S&P/TSX composite as price of oil moves higher, U.S. markets downTORONTO — Strength in energy stocks as the price of oil moved higher helped Canada's main stock index post a small gain Tuesday, while U.S. stock markets moved lower, led by the Nasdaq which lost more than one per cent.
Read more »
S&P/TSX composite up in late-morning trading, U.S. stock markets also higherTORONTO — Strength in the base metal stocks helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose to start the trading week. The S&P/TSX composite index was up 97.69 points at 20,172.34.
Read more »
Asian Stocks Poised for Cautious Open; Oil Rallies: Markets WrapAsian equities look set for a cautious open Wednesday as global markets gear up for a key inflation report that’s expected to bring insights on the outlook for the Federal Reserve’s benchmark interest rate. Oil rallied on strains in global supplies.
Read more »
Europe set for light autumn refinery maintenance as fuel markets tightenMarket News
Read more »