Breaking News: Markets

Hang Seng, Shanghai Composite, Covid, oil

SINGAPORE — Greater China stock indexes led losses as Covid concerns resurge, while Asia-Pacific markets traded lower on Wednesday. Oil futures rose after plunging overnight. Hong Kong’s Hang Seng index slipped 1.37%, with heavyweights HSBC and CNOOC falling 3.93% and 5.58%, respectively. mainland China markets also declined. The Shanghai Composite shed 1.34%, and the Shenzhen …

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Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

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Tesla, Occidental Petroleum, Exxon Mobil and more

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained …

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Treasury yields tick higher as recession fears rattle market

US Treasury yields rose slightly on Tuesday as concerns about a potential economic recession continued to send investors in search of safety. At around 7:00 am ET, the yield on the benchmark 10-year Treasury note rose less than one basis point to 2.911%, while the yield on the 30-year Treasury bond rose marginally to 3.135%. …

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Stock futures inch higher after another losing week on Wall Street

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures inched higher in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average rose 18 points or 0.06%. S&P 500 futures inched 0.18% higher, and Nasdaq 100 futures added 0.43%. The moves …

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Stock futures are flat after another losing week on Wall Street

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come …

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Asia-Pacific markets are mixed as investors searching for direction

SINGAPORE — Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday ahead of Australia and Malaysia central bank decisions this week. The S&P/ASX 200 advanced 1.11% to end the session at 6,612.6, with banking and retail stocks in the green. Japan and mainland China markets were also …

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