Latest Crude oil markets News

Tech, health care companies power US stocks solidly higher

Mar. 26, 2019 1:16 PM EDT

Stocks rose broadly in afternoon trading Tuesday on Wall Street, erasing the market's modest losses from a day earlier. Technology and health care companies powered the rally. Broadcom gained 2.1 percent and Biogen climbed 4.2 percent. Banks benefited from rising bond yields, which allow them to charge higher...

Fuel prices, the US dollar take off, and drag on Carnival

Mar. 26, 2019 11:09 AM EDT

NEW YORK (AP) — Carnival slashed its profit expectations for the year with rising fuel costs and a strong dollar squeeze the cruise company. Shares slumped 7 percent Tuesday after the pessimistic outlook overshadowed an otherwise strong first quarter. Crude prices have jumped 30 percent this year and the...

Correction: Financial Markets story

Mar. 26, 2019 8:28 AM EDT

In a story March 22 about the financial markets, The Associated Press misspelled the name of asset management company Schroders. A corrected version of the story is below: Stocks, bond yields fall sharply as growth worries spread New signs the global economic growth is slowing roiled Wall Street Friday,...

Global stocks rebound after slide on growth worries

Mar. 26, 2019 6:11 AM EDT

BEIJING (AP) — Global stock prices rebounded Tuesday a slide on worries about U.S. and European economic growth. In early trading, London's FTSE 100 rose 0.1 percent to 7,187.13 and France's CAC 40 added 0.1 percent to 5,268.04. Germany's DAX was unchanged at 11,335.24. In Asia, Tokyo's Nikkei 225 gained...

Asian stocks rebound after slide on growth worries

Mar. 26, 2019 12:58 AM EDT

BEIJING (AP) — Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. Tokyo's Nikkei 225 index rose 1.8 percent to 21,362.60 and Hong Kong's Hang Seng gained 0.5 percent to 28,663.04. The Shanghai Composite Index was unchanged at 3,043.02 and...

World markets slide on concerns over global growth

Mar. 25, 2019 8:39 AM EDT

BANGKOK (AP) — World shares were mostly down on Monday, extending last week's late sell-off as surveys suggest significant slowdowns in economic growth in Europe and the U.S. In midday trading Monday, the FTSE 100 in Britain lost 0.6 percent to 7,171 as uncertainty over Brexit continued. British Prime...

Asian shares sink, tracking Friday's retreat on Wall Street

Mar. 25, 2019 12:21 AM EDT

BANGKOK (AP) — Shares tumbled in Asia on Monday after Wall Street ended last week with a broad retreat, while Thailand's market saw a moderate loss following a general election that appeared likely to keep the incumbent, junta-backed prime minister in power. Japan's Nikkei 225 stock index tumbled 3.2...

Stocks fall on growth worries, Brexit doubts

Mar. 22, 2019 8:37 AM EDT

SINGAPORE (AP) — Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit deadline. U.S. markets also appeared headed for a lower open. Britain's FTSE 100 led the decline,...

Asian stocks stumble on doubts over US-China trade deal

Mar. 22, 2019 12:16 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's...

European shares shaken by Brexit jitters after gains in Asia

Mar. 21, 2019 8:47 AM EDT

BANGKOK (AP) — Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to...