Oil prices fall despite surprise drop in US crude inventories as gasoline demand picks up

Oil prices fall despite surprise drop in US crude inventories as gasoline demand picks up

Oil futures gave up gains Wednesday, turning lower despite data showing an unexpected drop in US crude inventories and a further, sharp fall in gasoline supplies. The turn lower for crude came as equity markets fell sharply, erasing a big Tuesday bounce and affecting demand for other assets perceived as risky. Price action West Texas … Read more

US stock futures slip a day after solid market bounce

US stock futures slipped Wednesday, as investors reconsidered hawkish comments from Federal Reserve Chairman Jerome Powell. S&P 500 futures ES00, -0.21% fell 0.4% to 4,065.75 Dow Jones Industrial Average futures YM00, -0.08% fell 104 points, or 0.3%, to 32,478 Nadsaq 100 futures fell 0.8%, to 12,461 On Tuesday, the Dow industrials DJIA, +1.34% jumped 431.17 … Read more

Asian markets mixed after Powell warns of further rate hikes

BEIJING — Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve’s chairman said it will raise interest rates further if needed to cool inflation. The Nikkei 225 NIK, +0.52% in Tokyo gained 0.7% after the government reported economic output shrank 0.2% in the first three months of 2022. That was … Read more

SEC’s Gensler warns Americans are diverting savings to ‘speculative crypto assets,’ says market needs investor protection

Securities and Exchange Commission Chairman Gary Gensler reiterated his intention to bring cryptocurrency exchanges and lending platforms into its regulatory purview during a speech before the North American Securities Administrators Association on Tuesday. “Over the past year, several bank executives have shared their personal concerns with me about the sheer number of depositors who have … Read more

Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Department finally reported an ever-so-slight decline in inflation, as a measure of individual investor sentiment showed the greatest percent of individual investors that were bearish … Read more

Asian markets gain as China COVID progress outweighs Wall Street losses

Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong’s Hang Seng HSI, +2.23% gained 2.2% while the Nikkei 225 NIK, +0.29% in Tokyo edged 0.4% higher. In Seoul, the Kospi 180721, +0.79% pink 0.8%. Australia’s S&P/ASX 200 XJO, +0.15% added 0.2% while the … Read more

Platinum Group Metals Market to Tighten on Global Supply-Chain Disruptions

By Yusuf Khan The platinum group metals market is expected to tighten in 2022, as supply chain disruptions in Russia and South Africa create significant risks to supply. Prices for PGMs have fluctuated wildly during the first half of this year and the outlook remains highly uncertain amid fears of disruption within the global supply … Read more

Morgan Stanley’s done better than most forecasting markets during this turbulent year. Here’s what it says is coming next.

Wall Street analysts are the types who get to the airport with hours to spare. Year-ahead previews come in before Thanksgiving, so it can’t be too huge a surprise that Morgan Stanley has released its mid-year outlook just 11 days into May. Not that anyone has seen what 2022 had in store — the worst … Read more

These money and investing tips can help you juggle whatever the stock market throws at you

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Welcome to Generation Z’s first bear market Up until recently, young people’s primary experience of the market was that stocks almost always go up Read More The … Read more

Has the junk-bond market hit bottom? Liquidity issues may be up next, warns this industry veteran

Don’t call it a dash-for-trash quite yet. US corporate bonds with riskier high-yield or “junk” credit ratings finally might look like a buy, after a brutal start to 2022 sparked by central bankers looking to end an era of easy-money. Prices for junk bonds have tumbled and yields have popped to two-year highs of about … Read more