Chinese Stock Markets Head for Third Year of Record Delistings

Aug 21, 2024 | Markets

Forty firms have already lost listed status so far in 2024 Forced delistings could harm investors: Shanghai Prospect China’s stock markets are set for a third straight year of record delistings driven by the jump in IPOs over the past decade and tighter rules...

Oil Slumps to January Lows in Algorithmic-Led Selloff

Aug 21, 2024 | Markets

Shrinking US crude inventories fail to allay demand concerns Blinken left the Middle East Tuesday without a cease-fire deal Oil extended its decline to the lowest in more than six months as trend-following algorithmic sellers overlooked a bullish US stockpile report....

US Payrolls Marked Down by Most Since 2009 in Preliminary Data

Aug 21, 2024 | Markets

Early revision showed 818,000 fewer jobs in year through March Pace of job growth still healthy but moderation began sooner US job growth was probably far less robust in the year through March than previously reported, keeping pressure on the Federal Reserve to cut...

Euro Surges to One-Year High as Traders Eye Interest-Rate Path

Aug 21, 2024 | Markets

Momentum reinforced by view Fed will cut rates faster than ECB Pound also touched highest level in a year as dollar is weaker The euro rose to the highest level in one year against the dollar as currency traders bet US central bankers will reinforce the case for lower...