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Dow Jones industrials regaining 30,000 mark
... plummeted to 136.60, a two-dozen year low. The Swiss franc fell to 0.9667. The Canadian dollar was steady at 1.2917. The Australian dollar was a few points lower at 0.6968. The FTSE 100 in London added 0.42 percent on overseas markets. The German Dax rose 0.... ... surged 475.09 points or 1.84 percent to 26,246. The Australian All Ordinaries gained 91.30 points or 1.38 percent to 6,700. In New Zealand, the S&P NZX 50 climbed 113.39 points or 1.07 percent to 10,701. The Kospi Composite in South Korea increased 17.90 points ...
Updated: 06/21/2022
Airlines urge oil firms to speed up alternative fuels
... due to the scarcity of SAF . By 2030, many airlines have set a nearer-term target of 10% SAF usage. Meeting attendees Air New Zealand, Virgin Australia, Korean Air and Hawaiian Airlines told Reuters they had the 10% target but they are looking at options ... ... a single airline saying I'll buy SAF no matter what, as stated by Shell Aviation President Jan Toschka . How many billion dollars do you think the energy sector will invest without any sort of predictability as to whether demand will actually exist?...
Updated: 06/21/2022
Equity benchmark indices drag, Wall Street down
... The Japanese yen fell to 134.99. The Swiss franc slid to 0.9700. The Canadian dollar fell sharply to 1.3025. The Australian dollar dropped to 0.6934. The German Dax was up 0.67 percent overseas. The Paris, France-based CAC 40 fell 0.06 percent. The ... ... plunged 468.20 points or 1.77 percent to 25,963. The Australian All Ordinaries fell by 120.40 points or 1.77 percent to 6,663. In New Zealand, the S&P NZX 50 declined by 57.39 points or 0.54 percent to 10,589. South Korea's Kospi Composite went 1.048 points or ...
Updated: 06/17/2022
Stocks in Asia slump, Nikkei 225 plunges 468 points
....2327 at the Sydney close Friday. The Japanese yen weakened by a tad to 1.3444. The Swiss franc remained strong after SNB hikes overnight. I traded at 0.9650 last week. The Canadian dollar was down to 1.2968. The Australian dollar fell to 0.6998. The New Zealand dollar fell to 0.6336. The Dow Jones industrials fell by 741.46 points or 2.42 percent over night on Wall Street to close Thursday at 29,927. 07. The Nasdaq Composite shed 453.06 points or 4.08 percent to 10,646. 10. The Standard and Poor's 500 fell ...
Updated: 06/17/2022
Wall Street sinks more than 5% after major gains
... the board. The Swiss franc went up to 0.9654. The British pound rallied to 1.2361. The euro was up to 1.0568. The Australian dollar increased to 0.7055 at the beginning of the day. The Nikkei 225 in Japan made the best attempt, finishing with a 105.04 ... ... however, declined 20.02 points or 0.61 percent to 3,285. The S&P NZX 50 added a miserly 10.66 points or 0.10 percent to 10,646 in New Zealand. Australia's All Ordinaries fell by 2.10 points or 0.03 percent to 6,783. South Korea has a Kospi Composite of 4.03 points ...
Updated: 06/16/2022
Asian equities struggle despite Wall Street rally
... in major currencies. The euro dropped back to 1.0408 at the Sydney close Thursday. The Japanese yen was weakened to 134.35. The British pound fell to 1.2073. The Japanese yen was up a tad to 0.9860. The Canadian dollar fell to 1.2951. Australian and New Zealand dollars were a bit lower at 0.6955 and 0.6235 respectively. Overnight, the Nasdaq Composite gained 270.81 points or 2.50 percent to 11,099. 15. The Dow Jones industrials added 303.70 points or 1.00 percent to 30,668. 53. The Standard and Poor's 500 climbed ...
Updated: 06/16/2022
New Zealand economy contracted in first quarter as exports drop
... control. It has said that a restraining runaway inflation is worth it, as it can lead to a collapse of the economy. The markets have slashed back their most aggressive rate hike calls with two-year swaps down 23 basis points to 4.31% since Wednesday. The New Zealand dollar fell slightly after the weaker than expected growth data.
Updated: 06/16/2022
New Zealand economy shrinks as Covid spreads
... have to raise borrowing costs to get control of inflation, which could exceed 7% this quarter due to the slowdown. Some economists believe that the risk of a recession in 2023 is rising because of the fall in house prices and global uncertainty. The New Zealand dollar fell by as much as 0.4% after the data. It bought 62.77 U.S. cents at 11: 28 a.m. in Wellington, down from 62.84 cents earlier in the day. Bond yields and swap rates fell, with the yield on two-year government debt falling to 17 basis points. Expectations ...
Updated: 06/15/2022
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