Stocks climb, Dow touches record; U.S. oil rises after EIA data

NEW YORK (Reuters) – Stock indexes mostly rose worldwide on Wednesday, with the Dow Jones Industrial Average touching a record intraday high, as more companies reported earnings that beat analysts’ expectations, while oil prices jumped.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New

China's new home prices stall for first time since COVID-19

BEIJING (Reuters) -China’s new home prices stalled for the first time since February 2020 in September, official data showed on Wednesday, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment.FILE PHOTO: The Taoyuan Xindu Kongquecheng apartment compound developed by China

East European designers sashay onto the catwalks of high fashion

PRAGUE/GDANSK (Reuters) – With celebrities such as Rihanna, Justin Bieber and Billie Eilish wearing its designs, Hungarian fashion house Nanushka has stardust many designers can only dream of.Accessories by the Hungarian luxury brand Nanushka are seen in the Nanushka store in Budapest, Hungary, October 14, 2021. REUTERS/Bernadett SzaboYet the company

Dollar trades near one-year high ahead of Fed meeting minutes

LONDON (Reuters) – The dollar held close to a one-year high against a basket of peer currencies on Wednesday amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022.FILE PHOTO: A picture illustration shows U.S. 100 dollar bank

World stocks soft before U.S. CPI, oil near multi-year highs

LONDON (Reuters) – World stocks steadied around the week’s lows with the mood dampened by inflation worries ahead of U.S. consumer price data later on Wednesday, with economic recovery in many countries keeping oil prices near multi-year highs.FILE PHOTO: The London Stock Exchange Group offices are seen in the City

Dollar edges higher as jobs data eyed for Fed policy clues

TOKYO (Reuters) – The dollar edged higher versus major peers on Friday but within a narrow range as traders awaited clues on the pace of Federal Reserve policy normalization from a monthly payrolls report.FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are

Valuations of Asian stocks slip to a 16-month low

(Reuters) – Valuations of Asian equities hit a 16-month low at the end of September, as concerns over an economic slowdown in China and growing expectations of monetary policy tightening by major central banks dragged down equity markets.FILE PHOTO: A pedestrian holding an umbrella looks at an electronic board the

Oil at new multi-year highs, Asian shares fall

HONG KONG (Reuters) – Asian shares dropped on Wednesday, reversing early gains, after an overnight rebound in U.S. and European stocks as investors shrugged off worries about a potential U.S. government debt default, while oil paused near new multi-year highs.FILE PHOTO: A man looks at stock market monitors in Taipei

Asian stocks find footing but prevailing jitters keep dollar firm

HONG KONG (Reuters) – Asian shares managed to claw back some of this week’s heavy losses on Thursday but were headed for their worst quarter since the pandemic hit, while the dollar held near a one-year high, helped by broad safe-haven demand and U.S. rate hike prospects.FILE PHOTO: Passersby wearing

IPOs slow down globally in Q3 after frenetic 2021 start

(Reuters) – Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data.FILE PHOTO: Traders work during