Latest Financial markets News

China releasing metals stockpiles in bid to cool inflation

Jun. 16, 2021 08:06 AM EDT

BEIJING (AP) — The Chinese government said Wednesday that it will release copper, aluminum and zinc from stockpiles to increase market supplies in a fresh effort to restrain surging prices that officials warn might disrupt a business revival. Wednesday’s announcement...

EU chief gives initial approval to national recovery plans

Jun. 16, 2021 08:03 AM EDT

LISBON, Portugal (AP) — European Union authorities are moving a step closer to deploying the bloc’s massive pandemic recovery fund as the president of the 27-nation bloc's executive commission begins a tour of some EU capitals to announce the initial endorsement of national spending...

Lebanon's crisis threatens one of its few unifiers, the army

Jun. 16, 2021 06:14 AM EDT

BEIRUT (AP) — Since the civil war, through wars with Israel, militant bombings and domestic turmoil, Lebanese have considered their military as an anchor for stability, one of the only institutions standing above the country’s divisions. But the military is now...

Global shares mixed in quiet trading ahead of Fed decision

Jun. 16, 2021 05:55 AM EDT

TOKYO (AP) — Global shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. France's CAC 40 added 0.1% in early trading to 6,645.92, while Germany's DAX slipped...

White House: Markets showing little worry about inflation

Jun. 16, 2021 05:34 AM EDT

The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat. Republican lawmakers have interpreted the jump in consumer and producer prices as a sign that inflation is spiking at levels that will hurt growth, saying...

Asian shares mixed in quiet trading ahead of US Fed decision

Jun. 15, 2021 23:26 PM EDT

TOKYO (AP) — Asian shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6% in May from the previous...

Cracker Barrel, Sage Therapeutics fall; Ocugen, FedEx rise

Jun. 15, 2021 17:21 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: FedEx Corp., up $6.31 to $299.30. The package delivery company raised its quarterly dividend. Spirit Airlines Inc., down 1 cent to $33.99. ...

How major US stock indexes fared Tuesday

Jun. 15, 2021 16:18 PM EDT

Stocks eased back below their record heights Tuesday as investors waited to hear whether the mixed bag of data coming in about the economy will push the Federal Reserve to let up on its massive support for markets. The S&P 500 edged lower after a report showed...

Closing prices for crude oil, gold and other commodities

Jun. 15, 2021 15:41 PM EDT

Benchmark U.S. crude oil for July delivery rose $1.24 to $72.12 a barrel Tuesday. Brent crude oil for August delivery rose $1.13 to $73.99 a barrel. Wholesale gasoline for July delivery remained unchanged at $2.17 a gallon. July heating remained unchanged at $2.11 a...

EU raises €20 billion in 10-year bond to fund virus recovery

Jun. 15, 2021 13:21 PM EDT

BRUSSELS (AP) — The European Commission said on Tuesday it has raised €20 billion ($24.2 billion) through a 10-year bond as part of its plans to finance the 27-nation bloc's recovery from the coronavirus crisis. EU Commission president Ursula von der Leyen said the...