SINGAPORE : Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China's lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs as investors seek out safety and yield.
The most recent pressure point has been Russia's halt on gas supplies to Bulgaria and Poland on Wednesday, which sent tremors through European energy markets and whacked the euro. The drop has sent the U.S. dollar index to a five-year high of 103.28 and a further push above 103.82 would see it to levels not visited since late 2002.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks extend sell-off, dollar firm on global growth fearsA global stocks sell-off extended into the Asia morning on Wednesday, as growing fears about the global economy forced investors to dump riskier assets in favour of safe havens such as the U.S. dollar and government bonds.Financial markets, already anxious about the prospects for aggressive U.S. interest
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China lockdowns drag on earnings of chipmakers, industrialsIndustrial conglomerates GE and 3M, and chipmakers Texas Instruments and SK Hynix cautioned that China's COVID-19 led stringent curbs were further disrupting battered supply chains and hurting their revenue.China's 'zero Covid' policy to combat the Omicron variant has brought fresh lockdowns in many citie
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Telia's core earnings top expectations on cost-cutting driveSTOCKHOLM :Nordic telecom operator Telia reported quarterly core earnings ahead of market expectations on Wednesday as its plan to streamline operations led to lower costs, and the company backed its full-year outlook. The company also expects more demand for secure communications products as governments acro
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »