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HONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. The Hang Seng in Hong Kong slipped 2.2% to 17,846.49 and the Shanghai Composite index fell 0.6% to 3,088.10. Japan’s Nikkei 225 index fell 0.6% to 32,315.99. On Thursday, the S&P 500 fell 0.6% to 4,349.61. The stock market has largely been taking its cues from the bond market recently.

Persons: Australia’s, Taiwan’s Taiex, Wells, Brent Organizations: National Bureau of Statistics, Japan’s Nikkei, Dow Jones, Nasdaq, Delta Air Lines, Ford Motor Co, United Auto Workers, Detroit, Treasury, Federal Reserve, Citigroup, JPMorgan Chase, UnitedHealth Group, New York Mercantile Exchange, U.S . Locations: HONG KONG, China, Hong Kong, Shanghai, South Korea, Bangkok, Louisville , Kentucky, Wells Fargo, Gaza

☆ Stock Market Today: JPMorgan, Wells Fargo Benefit From Higher Rates
▼ + stars: | 2023-10-13 | by ( ) www.wsj.com time to read: +1 min

U.S. stock futures and bond yields edged lower amid a string of results from major banks. JPMorgan Chase and Wells Fargo beat analysts' expectations for both earnings and revenue . Stock futures mostly edged down. Blackrock's stock fell in thin premarket trading, even though its earnings beat analysts' expectations. Treasury yields declined slightly.

Persons: Wells, Brent, Dow industrials, Hang Seng Organizations: JPMorgan Chase, Wells Fargo, Nasdaq, Shanghai, Japan’s Nikkei Locations: Europe

☆ Oil and natural gas prices are climbing again as risks multiply
▼ + stars: | 2023-10-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

“The oil market is very sensitive to developments with the Israel-Hamas war,” he told CNN. Risks to natural gas supplyThe situation in Israel has also weighed heavily on the European natural gas market. Egypt produces a lot of its own natural gas in addition to imports and processes some of it into LNG for shipping abroad. “This has obviously created a lot of nervousness and heightened the geopolitical risk within the European gas market,” Tomas Marzec-Manser, head of gas analytics at ICIS, told CNN. And Marzec-Manser thinks Europe’s upcoming winter will be bearish for the gas market.

Persons: Edward Moya, ”, —, ” Moya, Brent, Price, ” Sophie Lund, Yates, Hargreaves Lansdown, Massimo Di Odoardo, Wood Mackenzie, Di Odoardo, Frederic J . Brown, ” Tomas Marzec Organizations: London CNN — Global, Brent, Texas, CNN, Israel Defense Forces, Hezbollah, Group, Chevron, Getty, Authorities Locations: Israel, Iran, Tehran, United States, Gaza, Lebanon, Saudi Arabia, Russia, Egypt, Jordan, Europe, LNG, Finland, Estonia, Kern County , California, AFP, Baltic, Germany, Ukraine

Unlike Russia, one of the world's top oil and gas producers, Israel has very modest energy production. But there is a risk the war could spread to major energy producers in the Middle East and affect oil and gas flows. Second, a deal being brokered by Washington to normalise relations between Saudi Arabia and Israel, which could see the kingdom increase oil output, could be derailed. Saudi Arabia told the White House it is willing to boost oil production early next year to help secure the deal, the Wall Street Journal reported last week. Russian Deputy Prime Minister Alexander Novak added on Thursday that current oil prices factored in the conflict and reflected the market's belief that risks posed by the clashes were not that high.

Persons: Dado Ruvic, Brent, David Goldwyn, Rob Thummel, Janet Yellen, Iranian Oil Minister Javad Owji, Joe Biden, Helima Croft, Biden, Ben Cahill, Prince Abdulaziz, Alexander Novak, Vladimir Putin, Natalie Grover, Ahmad Ghaddar, Alex Lawler, Laura Sanicola, Kirsten Donovan, Cynthia Osterman Organizations: REUTERS, Hamas, U.S . State Department, Tortoise, Iran, U.S, Treasury, Iranian Oil Minister, RBC Capital Markets, Macquarie, SAUDI, Israel, Wall Street, Washington, Strategic, International Studies, Saudi Arabia's Energy, CNBC, OPEC, Organization of, Petroleum, Thomson Locations: Israel, Ukraine, Russia, U.S, Iran, Hormuz, Washington, Saudi Arabia, Strait, Riyadh, Moscow, United States, Tehran, Washington . Saudi Arabia, Saudi, OPEC, London, New York

☆ Oil prices rise over 4% after U.S. tightens sanctions on Russian crude sales
▼ + stars: | 2023-10-13 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Oil prices on Friday rose more than 4% after the U.S. tightened sanctions against Russian crude exports, exacerbating supply concerns in an already tightly balanced energy market. International benchmark Brent crude futures with December expiry traded 4.2% higher at $89.55 per barrel at around 8:15 a.m. ET, while front-month November U.S. West Texas Intermediate crude futures rose 4.2% to trade at $86.38 per barrel. The G7, Australia and the EU implemented a $60-per-barrel price cap on Russian oil on Dec. 5 last year. It came alongside a move by the EU and U.K. to impose a ban on the seaborne imports of Russian crude oil.

Organizations: U.S, Brent, West Texas, U.S . Department of, Treasury, EU Locations: Australia, Ukraine

REUTERS/Maxim Shemetov/Illustration/File Photo Acquire Licensing RightsSummaryCompanies Russian rouble climbs to over 2-week high vs dollarMove comes after Putin reimposes currency controlsRouble had slumped to over 18-month low this weekAnalysts expect rouble to firm more in coming weeksOct 12 (Reuters) - Russia's rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the currency. The rouble collapsed to a record low in the weeks after Russia invaded Ukraine last year, before Moscow imposed similar capital controls that saw it recover to a seven-year high. Kogan warned, however, that by 2025-2026 businesses would form plans based on a rouble rate of 100-105. The central bank endorsed the measures, a shift in its stance, after it previously warned of the inefficiency of currency controls. "The rouble is even less tradable for foreign investors after Russia re-imposed some capital controls," Piotr Matys, senior FX analyst at In Touch Capital Markets.

Persons: Maxim Shemetov, Putin, Rouble, rouble, Vladimir Putin, Yevgeny Kogan, Kogan, Gref, Andrei Belousov, Piotr Matys, Dmitry Polevoy, Brent, Alexander Marrow, Amruta, Robert Birsel, Mark Potter, Varun, Alexander Smith Organizations: REUTERS, U.S, Russia's Higher, of Economics, TASS, Wednesday, Bank of Russia, FX, Touch, Thomson Locations: Moscow, Russia, Ukraine, outflows, Locko, Bangalore

The stock market got a boost from that drop in longer-term yields, but it also felt a drag from rising shorter-term yields. Yields were mixed after a report showed inflation at the wholesale level was stronger last month than economists expected. Still, with the U.S. government racking up big deficits that require more borrowing, and buyers in shorter supply, the pressure has been mostly upward on Treasury yields. In energy trading, a further pullback in crude oil prices is helping to take some heat off inflation and support Wall Street. Oil prices have given back much of their strong gains from earlier this week, triggered by fighting in Gaza.

Persons: Sydney's, Hang Seng, ” Anderson Alves, ActivTrades, Rubeela Farooqi, ”, Gregory Daco, Brent Organizations: TOKYO, Palestinian, Hamas, Nikkei, U.S, Dow Jones, Nasdaq, Federal Reserve, Treasury, “ Fed, EY, Benchmark, New York Mercantile Exchange, Energy, Exxon Mobil, Natural Resources Locations: Israel, Hong, Shanghai, U.S . Federal, Lebanon, Iran, U.S, Gaza

☆ India rupee to receive help from pullback in oil, traders eye US inflation
▼ + stars: | 2023-10-12 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsMUMBAI, Oct 12 (Reuters) - The Indian rupee on Thursday will be boosted by the pullback in oil prices and softer U.S. Treasury yields, while investors wait for the important U.S. inflation data due later in the day. India's inflation data is due after market hours. Meanwhile, headline U.S. consumer inflation index (CPI) is expected to rise 0.3% month-on-month. "Today’s U.S. CPI inflation may surprise like yesterday’s PPI inflation," DBS Research said in a note.

Persons: Francis Mascarenhas, Brent, Nimesh Vora, Mrigank Organizations: REUTERS, Rights, Treasury, Reuters, Federal Reserve, Fed, CPI, DBS Research, Brent, Thomson Locations: Mumbai, India, Rights MUMBAI, Asia, U.S

REUTERS/Staff/File Photo Acquire Licensing RightsSummaryCompanies Global stocks tick up; U.S. futures riseBond yields tumble again but remain highOil prices steady after rising on Israel-Hamas warLONDON/SINGAPORE, Oct 11 (Reuters) - Global stocks edged higher on Wednesday while bond yields dropped again as investors waited for minutes from the latest Federal Reserve meeting and U.S. inflation figures. Meanwhile, oil prices were little changed as traders kept an eye on the conflict between Palestinian militants and Israel. The MSCI All World stock index (.MIWD00000PUS) was last up 0.21% on Wednesday, after rising 1% in the previous session. Futures for the S&P 500 were up 0.26% after the stock index (.SPX) climbed 0.52% on Tuesday. Global stocks, which had been on the slide since early August, have rallied for the last few sessions.

Persons: Dow Jones, I'm, Florian Ielpo, Arthur van Slooten, Raphael Bostic, Harry Robertson, Tom Westbrook, Sam Holmes, Alex Richardson Organizations: REUTERS, Staff, LONDON, Reserve, Nasdaq, Dow, Lombard, Global, Investors, Treasury, Societe Generale, Atlanta Fed, Bloomberg, Thomson Locations: Frankfurt, Germany, Israel, SINGAPORE, Palestinian, Nashville, Gaza, Brent, China, London, Singapore

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsOct 11 (Reuters) - Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 26 cents, or 0.3%, to $87.91 a barrel by 0312 GMT. U.S. West Texas Intermediate (WTI) crude rose 17 cents, or 0.2%, to $86.14 a barrel. Israel produces very little crude oil, but markets are worried that the conflict could escalate and hurt Middle East supply, worsening an expected deficit for the rest of the year.

Persons: Agustin Marcarian, Brent, WTI, Warren Patterson, Ewa Manthey, Washington, Laura Sanicola, Muyu Xu, Leslie Adler Organizations: REUTERS, . West Texas, ING, Israel, U.S, U.S . Federal, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Brent, Gaza, Israel, Iran, Saudi Arabia, U.S ., U.S, Venezuela, Caracas

☆ Asia stocks hit 2-week high as Fed talk turns dovish
▼ + stars: | 2023-10-11 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. The S&P 500 (.SPX) gained overnight and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.3% to a two-week high in morning trade. "I actually don't think we need to increase rates anymore," Atlanta Fed President Raphael Bostic told the American Bankers Association, to applause, in Nashville on Tuesday. On Wednesday the Australian and New Zealand dollars hit their highest levels on the dollar since the end of September, while sterling hit a three-week peak. European gas prices, which had jumped on news of the Middle East violence, surged further on Tuesday on concern a gas pipe in Finland was sabotaged.

Persons: Tyrone Siu, Raphael Bostic, Peter Dragicevich, Brent, Vivek Dhar, Sam Rines, Sam Holmes Organizations: REUTERS, Federal Reserve, paring, Japan's Nikkei, Atlanta Fed, American Bankers Association, Treasury, New Zealand, U.S, CPI, Fed, Bloomberg, HK, Benchmark, Samsung, Pepsi, Thomson Locations: Exchange, Hong Kong, China, SINGAPORE, paring U.S, Asia, Pacific, Japan, Nashville, Tuesday's, Israel, Finland, Estonia, Europe, Texas

BANGKOK (AP) — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market. Some of the strongest action was in the bond market, where Treasury yields eased after trading resumed following a holiday on Monday. The two-year Treasury yield, which moves more closely with expectations for the Fed’s actions, sank to 4.97% from 5.09%. Treasury yields had jumped last week to their highest levels in more than a decade, following the lead of the Fed’s main interest rate, which is at heights unseen since 2001. Traders are now betting on a nearly 73% chance that the year will end without any more Fed rate hikes, according to data from CME Group.

Persons: Australia's, They’ve Organizations: —, Bloomberg, Samsung Electronics, SK Hynix's, Investors, Federal Reserve, Dow Jones, Nasdaq, PepsiCo, Treasury, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Hong Kong, Shanghai, South Korea, India, Bangkok, Israel

☆ Jim Cramer says it's time to move on from Pioneer after $60 billion Exxon deal announcement
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

Jim Cramer's Charitable Trust owns 300 shares of Pioneer, at an average price of $230.14 apiece. Club rules prevent the Trust from trading any stock Jim mentions on CNBC television for the three subsequent trading sessions. Pioneer shares climbed 1%, to just roughly $240 each, shortly after the opening bell Wednesday. Exxon CEO Darren Woods told CNBC on Wednesday he doesn't foresee "any regulatory issues" complicating its acquisition of Pioneer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jim Cramer's, Brent, Darren Woods, Woods, Scott Sheffield —, —, Scott Sheffield, Daniel Kramer Organizations: Natural Resources, Exxon Mobil, Street Journal, Exxon, Club, Jim Cramer's Charitable Trust, CNBC, Brent, Hamas, Texas, CNBC Wednesday, Sheffield, Pioneer Resources, IHS Locations: Israel, Houston , Texas

☆ Rupee to rise on bets Fed will not hike rates further
▼ + stars: | 2023-10-11 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

Non-deliverable forwards indicate rupee will open at around 83.18-83.20 to the U.S. dollar compared with 83.2450 in the previous session. The dollar index was down to 105.74 and the Korean won led Asian currencies higher. The dollar index has struggled since reaching a year-to-date high of 107.34 last Tuesday. It's "possible" that the recent rise in yields on longer-term Treasuries means the Fed need not raise interest rates as much as otherwise, but it's hard to know definitively, Minneapolis Fed President Neel Kashkari said on Tuesday. Atlanta Fed President Raphael Bostic outright said the U.S. central bank need not raise borrowing costs any further.

Persons: Thomas White, Brent, Neel Kashkari, Raphael Bostic, Michael Hewson, Nimesh Vora, Nivedita Organizations: REUTERS, Rights, U.S . Federal, U.S, Korean, Treasury, Fed, . Atlanta Fed, Brent, Thomson Locations: India, Rights MUMBAI, Israel, Asia, Minneapolis, U.S

☆ Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
▼ + stars: | 2023-10-11 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between Hamas and Israel. "If Iran enters the war, we're going to see much higher oil prices, obviously," Sheffield said Wednesday on CNBC's "Squawk Box." Iran is a major oil producer and key backer of Hamas, the Palestinian militant group designated by the U.S. as a terrorist organization. Brent crude traded slightly lower to $86.93 a barrel Wednesday, while U.S. West Texas Intermediate (WTI) crude fell by 78 cents, or 0.91%, to $85.19. Brent and WTI had surged more than $3.50 on Monday on concern that the clash between Israel and Hamas could escalate into a broader conflict.

Persons: Scott Sheffield, Sheffield, Brent, WTI Organizations: Natural Resources, U.S, West Texas Locations: Iran, Israel, Palestinian, Saudi Arabia, Russia

☆ Oil little changed as Middle East supply concerns fade
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: +1 min

Oil prices were little changed in early Asian trade on Wednesday, as concerns eased about potential supply disruptions due to the conflict between Israel and the Palestinian Islamist group Hamas. Brent crude rose 12 cents at $87.77 a barrel by 0009 GMT. U.S. West Texas Intermediate, or WTI, crude rose 3 cents to $86.00 a barrel. While Israel produces very little crude oil, markets worried that if the conflict escalates it could hurt Middle East supply and worsen an expected deficit for the rest of the year. Political risk has kept crude prices from falling further.

Persons: pumpjack, Brent, WTI, Washington Organizations: . West Texas, U.S Locations: Bakersfield, Kern County , California, USA, Israel, Palestinian, Brent, Gaza, Iran, Venezuela, Caracas

☆ Stocks ride wave of risk appetite; Israel conflict rages on
▼ + stars: | 2023-10-10 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 9, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - Global stocks rose on Tuesday, as a wave of risk appetite swept through markets after Federal Reserve officials signaled the recent yield surge could justify caution on interest rates, while oil eased, but violence in Israel made for nervy trading. "Based on Monday's comments from the Fed, the market is starting to think that the central bank does take greater notice of bond yields after all," ING strategist Chris Turner said. "However, we suspect that this may not be a defining story for the bond market in that no central bank likes being backed into a corner over what bond yields mean for monetary policy." Oil prices eased after climbing more than 4% on Monday.

Persons: Treasuries, Kallum Pickering, Chris Turner, Brent, Kane Wu, Stella Qiu, Kim Coghill, Christina Fincher, Chizu Organizations: REUTERS, Staff, Federal, Hamas, Fed, ING, Garden Holdings, HK, Thomson Locations: Frankfurt, Germany, Israel, Europe's, U.S, Palestinian, Gaza, Hong Kong, Sydney

☆ Deutsche Bank strategists recommend equity overweight into 2024
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - Strategists at Deutsche Bank have recommended an overweight in equities into 2024, as risks are now well reflected in the market and those are about to turn into opportunities. "We anticipated weaker growth, disappointing beats in earnings and disappointing central bank communication into Q3," Deutsche Bank strategists, led by Maximilian Uleer, head of European Equity- and Cross Asset Strategy, said in a note. The bank has set its 2024 forecast for the STOXX 600 (.STOXX) at 510, for the Euro STOXX 50 (.STOXX50E) at 4,850 and DAX 40 (.GDAXI) at 18,000. Deutsche Bank added it remained neutral U.S. equities versus Europe, while within Europe is underweight the Switzerland's SMI (.SSMI) due to its "defensive character into a bullish market."

Persons: Dado Ruvic, Maximilian Uleer, DAX, Uleer, Brent, Samuel Indyk, Amanda Cooper, Bernadette Baum Organizations: Deutsche Bank, REUTERS, European Equity, Europe, Thomson Locations: Europe, Israel, Palestine

☆ Asia shares pick up after Fed rate comments; oil dips
▼ + stars: | 2023-10-10 | by ( Kane Wu | ) www.reuters.com time to read: +4 min

U.S. stocks ended higher on Monday, with energy shares rising along with oil prices. The S&P 500 energy index (.SPNY) ended up 3.5%. Oil prices eased after climbing more than 4% on Monday. "The unrest and volatility in the near-term suggest that upside risks to oil prices will persist," said OCBC economists in a note. This will lead to some volatility in oil prices during intense periods of conflict but should see prices normalize, following the knee-jerk reaction."

Persons: Androniki, Kerry Craig, Australia's, Brent, Kane Wu, Stella Qiu, Edmund Klamanhn, Kim Coghill Organizations: Nikkei, REUTERS, dovish, Top Fed, Hamas, Asset Management, Garden Holdings, HK, National Bank of Australia, U.S, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, East, Europe, U.S, Asia Pacific, China, Israel, Palestinian, Gaza, Hong Kong, Sydney

☆ Oil dips on investor caution as market eyes Middle East turmoil
▼ + stars: | 2023-10-10 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +3 min

An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. While Israel produces very little crude oil, markets worried that if the conflict escalates it could hurt Middle East supply and worsen an expected deficit for the rest of the year. Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict, sources said on Monday. "If the U.S. finds evidence directly implicating Iran, then the immediate reduction in Iran's oil exports becomes a reality," said Vivek Dhar, an energy analyst at CBA. In a more positive sign for supply, Venezuela and the U.S. have progressed in talks that could provide sanctions relief to Caracas by allowing at least one additional foreign oil firm to take Venezuelan crude oil under some conditions.

Persons: Brent, Israel, Vivek Dhar, Dhar, Jeslyn Lerh, Arathy Somasekhar, Jamie Freed, Kim Coghill Organizations: Kyodo, Rights, U.S, West Texas, Hamas, ING, CBA, bbl, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, Rights SINGAPORE, Israel, Palestinian, Gaza, Iran, Ashkelon, United States, U.S, Palestine, Venezuela, Caracas, Singapore, Houston

☆ Asia shares rise after Fed comments, markets' eyes on Middle East
▼ + stars: | 2023-10-10 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 1.2% at 0135 GMT. Japan's benchmark Nikkei average (.N225) rose 2.4% while Australia's S&P/ASX 200 (.AXJO) rose for a fourth straight session to gain 1.2%. Top Fed officials indicated on Monday that rising Treasury yields could steer the Fed from further rate increases, helping to spur a rise in bond prices after those markets had been closed the previous day in the U.S. and Tokyo. The markets' initial reaction to the major geopolitical developments in the Middle East was a bout of risk aversion, analysts from National Bank of Australia said in a note. Ten-year Treasury yields , which have been surging, fell more than 13 basis points to 4.6% at the open in Tokyo as bond prices rallied after Monday's holiday.

Persons: Androniki, Australia's, Kerry Craig, Brent, Kane Wu, Stella Qiu, Edmund Klamanhn Organizations: Nikkei, REUTERS, dovish, Top Fed, Tokyo ., Hamas, Asset Management, Garden Holdings, HK, National Bank of Australia, U.S, West Texas, Thomson Locations: Tokyo, Japan, HONG KONG, Asia Pacific, U.S, Israel, Palestinian, Gaza, Hong Kong, Sydney

BANGKOK (AP) — Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. Oil prices, which had climbed Monday on worries about the violence in the Middle East, fell back. Oil prices already were volatile. Interest rates, and expectations for where they will go, have been driving Wall Street's swings more than anything since the start of last year. Investors dislike higher interest rates because they knock down prices for stocks and other investments.

Persons: Kospi, Brent, Amarpreet Singh, JPMorgan Chase Organizations: Wall, Nikkei, Federal Reserve, Fed, Dow Jones Industrial, Nasdaq, New York Mercantile Exchange, Brent, Barclays, Wall Street's, Halliburton, U.S . Treasury, Delta Air Lines, JPMorgan, UnitedHealth Group, U.S . Locations: BANGKOK, Gaza, Hong Kong, Australia, Bangkok, China's, Israel, Saudi Arabia, Wall, U.S

An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 10 (Reuters) - The Russian rouble dived towards a more than an 18-month low on Tuesday before paring most losses in a volatile session, under pressure from domestic demand for foreign currency and a drop in oil prices. By 1034 GMT, the rouble was 0.3% weaker against the dollar at 99.63 . It had lost 0.8% to trade at 105.55 versus the euro and shed 0.4% against the yuan to 13.64 . "The bank may show a record profit of 1.5 trillion roubles for the year."

Persons: Maxim Shemetov, Sber, Yevgeny Kogan, Alexander Marrow, Ed Osmond, Gareth Jones Organizations: REUTERS, Bank of Russia, Russia's Higher, of Economics, Thomson Locations: Moscow, Russia, Russian, Brent

☆ The IMF sees greater chance of a ‘soft landing’ for the global economy
▼ + stars: | 2023-10-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

The IMF’s projections for growth and inflation are “increasingly consistent with a ‘soft landing’ scenario… especially in the United States,” Gourinchas continued. The 20 countries using the euro are expected to grow collectively by 0.7% this year and 1.2% next year, a downgrade of 0.2 percentage points and 0.3 percentage points respectively from July. The IMF upgraded its growth forecasts for the US economy to 2.1% in 2023 and 1.5% in 2024 — an improvement of 0.3 percentage points and 0.5 percentage points respectively. “The strongest recovery among major economies has been in the United States,” the IMF said. The IMF revised its forecasts for global inflation to 6.9% this year and 5.8% next year — an increase of 0.1 percentage point and 0.6 percentage points respectively.

Persons: Pierre, Olivier Gourinchas, ” Gourinchas, Qilai Shen, Gourinchas Organizations: London CNN —, Monetary Fund, IMF, Bloomberg, Getty, Brent Locations: United States, China, Europe, Ukraine, Guangzhou, Israel, Saudi Arabia, Russia

☆ Oil prices dip as markets debate hit from Middle East turmoil
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: +2 min

Employees visit the Natural Gas Liquids (NGL) facility at Saudi Aramco's Shaybah oil field in the Rub' Al-Khali desert, also known as the 'Empty Quarter,' in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the conflict between Israel and the Palestinian Islamist group Hamas continued. While Israel produces very little crude oil, markets worried that if the conflict escalates it could hurt Middle East supply and worsen an expected deficit for the rest of the year. Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict, sources said on Monday. The turmoil may also cause U.S. to tighten its sanctions on Iran and hurt export of Iranian oil, analysts said.

Persons: Brent, Israel Organizations: Hamas, U.S, West Texas Locations: Saudi, Shaybah, Saudi Arabia, Israel, Palestinian, Gaza, Ashkelon, Iran, United States, Venezuela, Caracas

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