Business Maverick: Stocks dip, dollar rises as Fed path stirs caution: markets wrap

In China, drought and power shortages are compounding challenges from a property crisis and Covid curbs.

Elsewhere, crude oil held gains near $94 a barrel, bolstered by shrinking US crude stockpiles and possible OPEC+ output cuts.US GDP, initial jobless claims, ThursdayECB’s July minutes, ThursdayUS personal income, PCE deflator, University of Michigan consumer sentiment, FridayS&P 500 futures dipped 0.3% as of 10:54 a.m. in Tokyo. The S&P 500 fell 0.2%Australia’s S&P/ASX 200 index rose 0.5%China’s Shanghai Composite index dropped 0.2%.The Japanese yen traded at 136.

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Business Maverick: Markets wrap: Asia shares in the red, yuan slides on strong dollarAsian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks kept raising rates, while a modest easing by China served only to highlight troubles in its property market.
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Business Maverick: Asian stock gauge drops amid rise in yields, crude: markets wrapStocks retreated in Asia on Tuesday amid worries about Federal Reserve monetary tightening that have also boosted bond yields. Oil topped $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut output.
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