TOKYO — Global shares were trading mixed Monday after a cooldown in oil prices last week helped U.S. stocks close out their first winning week in the last three. France’s CAC 40 edged up 0.3% in early trading to 8,097.99, while the German DAX added 0.2% to 25,464.53. Britain’s FTSE 100 rose 0.3% to 10,725.57.
FRANKFURT, Germany — When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the
Oil prices retreated for the fifth straight day Tuesday and Wall Street was poised to open modestly higher as pressure from the bond market eased. With little in the way of corporate earnings or government economic data releases, markets were somewhat subdued in the early going. Futures for the Dow Jones Industrial Average and S&P
HONG KONG — Asian shares were mostly higher Wednesday despite losses on Wall Street, as investors await the Federal Reserve’s decision on interest rates, with high expectations of a rate hike. U.S. futures also edged higher. There is widespread expectation that the Fed will hike rates Wednesday for the first time in three years as
It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the holiday, nearly a dollar higher than last year and well above the Labor Day weekend record of $3.82
BANGKOK — Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. The Trump administration just
