European markets set for somber open as investors digest Powell comments

European stocks are expected to open lower on Thursday as investors digest inflation data from the U.S. and U.K. released yesterday, Fed Chairman Jerome Powell's comments and look ahead to more earnings and jobs data. London's FTSE is seen opening 11 points lower at 7,087, Germany's DAX 18 points lower at 15,773, France's CAC 40 down […]

Oil prices could 'very easily' top $100 a barrel, says former U.S. energy secretary

"You could very easily see oil hitting $100 a barrel, potentially even higher," former U.S. Energy Secretary Dan Brouillette told CNBC on Tuesday. On the flip side, it's "equally possible" that prices could collapse too, he said. The discord between UAE and Saudi Arabia is "striking," said Brouillette and IHS Markit's Dan Yergin. Oil prices […]

European markets head for cautious open; oil price watched ahead of OPEC+ talks

European stocks are expected to open slightly higher on Monday as markets keep an eye on oil prices ahead of a crunch meeting of the OPEC+ oil producing alliance. London's FTSE is seen opening 13 points higher at 7,131, Germany's DAX 8 points higher at 15,646, France's CAC 40 up 3 points at 6,551, according to […]

European markets head for cautious start to the week

European stocks are expected to open cautiously on Monday reflecting mixed sentiment in Asia-Pacific markets overnight. London's FTSE is seen opening 6 points higher at 7,142, Germany's DAX 7 points higher at 15,615, France's CAC 40 2 points higher at 6,625 and Italy's FTSE MIB up 3 points at 25,514, according to IG. LONDON — European […]

Hong Kong pro-democracy newspaper Apple Daily to shut down operations by midnight

Embattled Hong Kong pro-democracy newspaper Apple Daily said Wednesday will cease operations from midnight. The newspaper has come under increasing pressure since its owner, media tycoon Jimmy Lai who is a strong critic of the Chinese central government, was arrested last year under the national security law. Last week, around 500 police officers raided the […]

European stocks set for subdued open after Fed signals 2023 rate hikes

European stocks are expected to open lower on Thursday as global markets react to the Federal Reserve's signal that rate hikes will come sooner than expected. London's FTSE is seen opening 43 points lower at 7,145, Germany's DAX down 59 points at 15,651, France's CAC 40 down 24 points at 6,626 and Italy's FTSE MIB down […]

European markets set to plunge at open, following global stocks lower

European stocks are expected to open sharply lower on Wednesday, following a global dip in stocks Tuesday. London's FTSE is seen opening 63 points lower at 6,980, Germany's DAX down 148 points at 15,258, France's CAC 40 down 60 points at 6,308 and Italy's FTSE MIB 220 points lower at 24,427, according to IG. LONDON — […]

European markets head for choppy open; earnings, U.S. inflation in focus

European stocks are expected to open largely flat to lower on Wednesday as global markets gear up for key data releases including the latest reading of U.S. inflation. London's FTSE is seen opening 3 points higher at 6,942, Germany's DAX down 16 points at 15,072, France's CAC 40 down 4 points at 6,246 and Italy's FTSE […]