UK House Prices End 2022 On A Weaker Note After Pandemic Boom

2022-12-30 | Commodities , Current Affairs , Forex , Securities

LONDON, Dec 30 (Reuters) – British annual house price growth marked a further “sharp” slowdown in December, mortgage lender Nationwide said, ending the year on a downbeat note as the impact of surging mortgage costs reversed some of the pandemic-led boom in the market.

The lender also said that the final month of 2022 saw prices record their worst run since 2008 on a monthly basis, falling 0.1% compared with November in their fourth consecutive monthly price fall. A Reuters poll of economists had pointed to a fall of 0.7%.

Full coverage: REUTERS

Oil Set To End Turbulent 2022 With Second Annual Gain

LONDON, Dec 30 (Reuters) – Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world’s top crude importer, China.

Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia’s invasion of Ukraine sparked supply concerns. Prices cooled rapidly in 2022’s second half on worries about global recession.

Full coverage: REUTERS

Hedge Funds Set To Mark Worst Returns In 14 Years

Dec 30 (Reuters) – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year.

Some hedge fund strategies that put money in commodities and currencies using macro-focused strategies and exploited price differences between related securities outperformed in 2022, handing decent gains to investors.

Full coverage: REUTERS

Coal, Gas Lead 2022 Commodities Rally; Recession Fears Greet New Year

SINGAPORE, Dec 30 (Reuters) – Coal and natural gas markets were poised on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia-Ukraine war stoked a sharp upswing in prices, while tighter supplies expected in 2023 could fuel more gains.

Industrial metals, iron ore and rubber are on track to finish in negative territory, pushed down in 2022 by China’s strict zero-COVID policy and fears of a world recession.

Full coverage: REUTERS

World Stocks Eye Glum 2022 While Dollar Triumphs

LONDON/SINGAPORE, Dec 30 (Reuters) – World stocks were steady on the last trading day of the year as markets digested U.S. data and the dismantling of China’s zero-COVID policy, but the global index was heading for a 20% drop over a year marred by high inflation and war in Europe.

The dollar, a beneficiary of rising U.S. interest rates, was on track for its best annual performance in seven years.

The Federal Reserve and other central banks have been fighting inflation in the face of supply chain shortages and an energy crisis due to the COVID-19 pandemic and oil producer Russia’s invasion of Ukraine.

Full coverage: REUTERS

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2025-01-13 | Current Affairs

Dollar Surge Pressures Global Currencies Amid Fed Uncertainty

The U.S. dollar climbed sharply on Monday, reaching multi-year highs against other currencies after an unexpectedly strong U.S. jobs report highlighted the resilience of the American economy

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2025-01-10 | Current Affairs

Musk Urges State AGs to Facilitate OpenAI Stake Auction

Musk’s lawyer submitted a letter requesting the states to ensure an open bidding process to safeguard public interest as OpenAI move away from nonprofit control

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2025-01-09 | Current Affairs

Global Stocks Struggle Amid Rising Treasury Yields and Tariff Concerns

TODAY’S NEWS The ongoing selloff in global bonds intensified on Wednesday, weighing on Wall Street stocks and bolstering the dollar as robust U.S. economic data lowered hopes for imminent aggressive interest rate cuts by the Federal Reserve. The 10-year U.S. Treasury yield climbed to a peak of 4.73%, the highest since April 2024, before settling […]