Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Asian stocks were mixed at the open after US shares extended their losing streak to the longest since January.
Asian stocks were mixed at the open after US shares extended their losing streak to the longest since January.
Oil held the largest decline in two months amid a slew of conflicting signals that ranged from rising stockpiles to tensions in the Middle East and the reimposition of US sanctions on Venezuelan crude.
Mexico central bank Deputy Governor Irene Espinosa on Wednesday said it’s too soon to talk about a prolonged easing cycle, less than a month since the central bank cut interest rates for the first time since 2021 and with markets waiting for clues on the next step.
UK Chancellor Jeremy Hunt said consumers shouldn’t foot the bill for mistakes made by the management and owners of struggling utility Thames Water.
President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a fairer vote in elections scheduled for July.
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