Latest Motor fuel markets News

Hints of cooling prices, but Fed vows firm inflation stance

Aug. 26, 2022 11:30 AM EDT

WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked. According to a Commerce Department report Friday that is closely watched by the Federal Reserve, consumer prices rose...

Asian stocks mostly higher as markets await Fed chair speech

Aug. 24, 2022 22:33 PM EDT

TOKYO (AP) — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week. Benchmarks rose in Japan, Australia and South Korea. Trading was delayed in...

EXPLAINER: Why is Wall Street back on the roller coaster?

Aug. 23, 2022 14:59 PM EDT

NEW YORK (AP) — And back down goes Wall Street. After getting mauled most of the year, prices for all kinds of investments steadied in the summer and were heading back up. The recovery was so strong that some investors wondered if Wall Street's “bear market” was coming to an...

Asian shares track Wall Street gains on cooling inflation

Aug. 11, 2022 00:18 AM EDT

BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday....

Asian stocks follow Wall St lower before likely US rate hike

Jul. 27, 2022 01:42 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed,...

Asian stocks follow Wall Street ahead of likely US rate hike

Jul. 26, 2022 23:38 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo advanced. Oil prices were little changed, staying...

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 00:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground after plunging on Monday. Analysts said markets were focusing on a variety of...