Hedge fund Citadel posts gains in April as markets fell

Hedge fund Citadel avoided April's stock market drop and posted gains in its most prominent strategies, easily besting the average hedge fund returns which were in the red last month.

newspaper

02-05-2022

U.S. stocks gain, Treasury yields hit multi-year highs ahead of expected Fed rate hike

NEW YORK (Reuters) -Wall Street recovered some lost ground on Monday and benchmark U.S. Treasury yields hit a 3-1/2-year high at the start of an eventful week of corporate earnings, economic data, and an expected interest rate hike from the U.S. Federal Reserve.

newspaper

02-05-2022

U.S. construction spending rises less than expected in March

U.S. construction spending barely rose in March as a moderate increase in outlays on private projects was partially offset by a further decline in public spending.

newspaper

02-05-2022

Oil falls on China growth worries as EU weighs Russian crude ban

LONDON (Reuters) -Oil prices fell on Monday as concerns over weak economic growth in China, the world's top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude.

newspaper

02-05-2022

Dollar approaches 20-year highs, Fed meeting in focus

The dollar held just below a 20-year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than expected.

newspaper

02-05-2022

Canadian factory activity decelerates as capacity constraints weigh

Canadian manufacturing activity expanded at a slower pace in April as the war in Ukraine contributed to pressures on capacity and cost, offsetting continued robust demand, data showed on Monday.

newspaper

02-05-2022

JPM downgrades Thailand on fading tourism recovery and worsening macro conditions

Analysts at J.P. Morgan downgraded Thailand's equities rating on Monday, citing the slow pace of recovery in the tourism industry due to rising inflation and a surge in COVID-19 cases in China.

newspaper

02-05-2022

Mitsui posts record profit on strong metals, offsetting Russia loss

TOKYO (Reuters) -Japanese trading house Mitsui & Co Ltd reported a record full-year profit on Monday as soaring metals and energy prices offset a loss from its liquefied natural gas (LNG) business in Russia amid the deepening Ukraine crisis.

newspaper

02-05-2022

Oil falls on China growth worries, EU weighs Russian crude ban

LONDON (Reuters) -Oil prices fell on Monday as concerns over weak economic growth in China, the world's top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude.

newspaper

02-05-2022