Slides

Fears over China's economy are rising as Beijing district launches mass-testing, factory confidence drops and more British households are hit by rising ...

This is set to get worse, with the estimated number of households experiencing fuel stress hitting five million this month. However, this could be because people are burning through their lockdown savings in a bid to meet their day to day living costs while others opt to borrow more to meet their needs. With that in mind, the likely pressure valve is going to be disruption to China’s export machine, and a cratering of consumer confidence. Mortgage payers have had the option to fix their costs in recent months, but those who rent will feel very exposed to further increases in the coming months.” Back in 2014 the gap was 11.7%. The latest measures are likely the most draconian yet with infected people being transferred to government quarantine facilities, while some neighbourhoods have been fenced off. It is always possible that the deal collapses at the last minute, the sources added. Authorities have placed parts of Chaoyang district under lockdown and ordered residents to get tested three times this week. Restrictions in Shanghai are being tightened again, having been partially eased only last week, after a fresh flare-up in daily cases. This triggered panic as people had hoped that lockdowns would ease in Shanghai rather than more restrictions being imposed elsewhere. Although some parts of China have been under restrictions longer than Shanghai, omicron’s arrival in Beijing would be an ominous development. China has tightened parts of the Shanghai lockdown, including erecting fences around apartment buildings with Covid-19 infected individuals.

Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in ...

read more But, the market could tighten further with a European Union (EU) ban on Russian crude. Both benchmarks were on track for their lowest closes since April 11. Register now for FREE unlimited access to Reuters.com In Shanghai, authorities have erected fences outside residential buildings. Register now for FREE unlimited access to Reuters.com

A spate of recent accidents on giant tube slides are more than we should expect from “normal rough and tumble” play in a visit to the local playground.

These hazardous items of playground equipment should either be removed or modified to ensure a simple trip down the slide doesn’t result in broken legs. Injuries have occurred within these giant slides, as users enter the twists and turns of the slide at great speed and sometimes try to “brake” with their feet to slow down. The current Australian playground standards are informed by 50 years of experience in design and use of play equipment, and are constantly updated. However serious injuries are preventable when every part of the system is carefully reviewed and modified accordingly. The fate of the giant slide at Boongaree Nature Play Park is yet to be determined. Longer tube slides allow users to travel faster through the inner tube.

At the start of the last trading week of this month, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the ...

Manufacturing came close to stalling due to ongoing supply constraints, rising prices and signs of spending being hit by risk aversion due to the war. Hiring also picked up and business expectations for the year ahead improved from March's 17-month low, albeit with confidence remaining subdued by recent standards as concerns over the Ukraine war, rising prices and the lingering effects of the pandemic continued to dampen optimism, especially in manufacturing. Offsetting the decline in manufacturing, Eurozone's growth in the service sector accelerated to a 57.7 eight-month high in April, helped by a loosening of COVID-19 restrictions and still strong demand for services. The decline is estimated to be in the ballpark of 9% of China's daily oil consumption when compared with the 2021 average. As China's outbreak worsens it stands to further exacerbate already high consumer prices in the European Union and United States, cutting through the global growth outlook. Health authorities have already introduced movement controls in parts of the city, with all signs pointing to stricter measures coming forth.

(Montel) Oil prices fell up to USD 3 on Monday as lockdowns to help contain Covid-19 persisted in China, potentially curbing demand for crude by the world's ...

“Oil demand is set to shed 1.4m bbl/day, dropping below the highs set in 2019, with a rebound unlikely until at least 2023,” it added in a note. US bank JP Morgan Chase has warned an EU ban could “displace” up to 4m bbl/day of crude, while prices could surge to USD 185/bbl on the shock. With the continuing lockdown in Shanghai “showing no sign of being lifted” and the US Federal Reserve hinting at an interest rate hike, “sentiment has started to shift in favour of the bears”.

The Shanghai Composite and Hang Seng fall to where they'd first been in 2007 during the run-up of the bubble. Click here to know more...

Redfin (RDFN) stock is dropping 6.4% in Tuesday premarket trading after Piper Sandler analyst Thomas Champion downgraded the tech-focused real estate ...

For Redfin ( RDFN) specifically, Champion points to the company being EBITDA profitable in only two of the last five years. The company only recently became fully staffed from an agent perspective after a ~40% headcount cut in Q2 2020. "In light of this cautious market outlook we have lowered estimates for '22/'23 in the Real Estate services segment," the analyst wrote.

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and ...

"Oil prices are not expected to fall below $90 a barrel due to the prospect of a potential ban by the EU on Russian oil amid a deepening Ukraine crisis," said Hiroyuki Kikukawa, general manager of research at Nissan Securities. TOKYO, April 25 (Reuters) - Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and fuel demand. Some analysts said the worsening crisis in Ukraine could raise pressure on the EU to sanction Russian oil and prices could move higher later this year. Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and fuel demand. U.S. Federal Reserve Chairman Jerome Powell has indicated that a half-point interest rate increase "will be on the table" when the Fed meets in May to approve the next, in what are expected to be a series, of hikes this year. On the supply side, U.S. energy firms added oil and natural gas rigs for a fifth straight week amid high prices and prodding by the government.

Stock markets and oil prices slumped Monday on growing concern that lockdowns in China aimed at fighting a worsening Covid outbreak could further harm a ...

has a big impact on commodity markets," said XTB analyst Walid Koudmani. "As China is the second largest economy in the world, the situation... AJ Bell investment director Russ Mould said: "The prospect of further restrictions in China could lead to a poisonous mix of further inflationary pressure, as supply chains in the so-called 'factory of the world' get disrupted, and weaker economic growth." Oil prices sank Monday on fears that China's worsening Covid outbreak could slam demand from the major energy consumer. "Selling is widespread across global markets and asset classes, indicating that we could be on the cusp of a much bigger leg lower," said market analyst Chris Beauchamp at online trading platform IG. Stock markets and oil prices slumped Monday on growing concern that lockdowns in China aimed at fighting a worsening Covid outbreak could further harm a world economy battling decades-high inflation.

NEW YORK (Reuters) -Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID- ...

Also pressuring oil, the U.S. dollar rose to a two-year high against a basket of other currencies on the likelihood of U.S. interest rate hikes. Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The market could tighten further if the European Union (EU) bans Russian crude. A strong dollar makes oil more expensive for other currency holders. Both benchmarks closed at their lowest since April 11 after losing nearly 5% last week. In the United States, which will reopen its embassy in Ukraine soon, officials said domestic oil and gas production is rising and will continue to rise to make up for the 1 million to 1.5 million barrels of oil per day that has been pulled off the market after Russia's invasion of Ukraine. The EU is preparing "smart sanctions" against Russian oil imports, according to a report in The Times of London that cited the European Commission's executive vice president, Valdis Dombrovskis. Open interest in WTI futures on the New York Mercantile Exchange last week to its lowest since July 2016, while daily futures volume dropped to its lowest so far this year. Picture taken February 11, 2019. "The prospect of slower economic growth this year amid U.S. interest-rate hikes ... has already led to a downward revision of oil-demand forecasts," analysts at the Eurasia Group consultancy said, noting "The longer the Ukraine war and the China lockdowns persist, the higher the risk that demand growth will be even weaker." NEW YORK (Reuters) -Oil slumped about 4% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas U.S. February 11, 2019.

All the major S&P sectors fell, with energy stocks tumbling 4.1% as Brent crude prices dropped almost 5% toward $100 a barrel.

“We have nearly a third of the S&P 500 and half of the Dow Jones set to report. Nearly a third of S&P 500 index firms are due to report this week. “We continue to believe that U.S./global equities will not bottom until markets stop discounting ever more aggressive Fed rate policy," wrote Nicholas Colas, co-founder of DataTrek Research. “It’s not that the current news flow is bad. "I don't think we've seen the bottom yet. “This week may easily be a fork in the road of equities," JC O’Hara, chief market technician at MKM Partners, wrote in a note. "China lockdowns are getting worse. Of the 99 companies in the S&P 500 that posted earnings as of Friday, 77.8% reported above analysts' expectations, according to Refinitiv data. Declining issues outnumbered advancers for a 4.25-to-1 ratio on the NYSE and a 2.03-to-1 ratio on the Nasdaq. At 10:03 a.m. ET, the Dow Jones Industrial Average was down 415.23 points, or 1.23%, at 33,396.17, the S&P 500 was down 56.93 points, or 1.33%, at 4,214.85, and the Nasdaq Composite was down 104.93 points, or 0.82%, at 12,734.36. Fed Chair Jerome Powell last week gave a "go" sign to a half-point rate hike in May and signaled he would be open to "front-end loading" the US central bank's retreat from super-easy monetary policy. All the major S&P sectors fell, with energy stocks tumbling 4.1% as Brent crude prices dropped almost 5% toward $100 a barrel. All the major S&P sectors fell, with energy stocks tumbling 4.1% as Brent crude prices dropped almost 5% toward $100 a barrel

Brent crude futures were down $3.93, or 3.7%, at $102.72 a barrel by 0644 GMT. They touched $102.47 earlier in the session, the lowest since April 12. U.S. West ...

Also pressuring oil, the U.S. dollar rose to a two-year high against a basket of other currencies on the likelihood of U.S. interest rate hikes. The market could tighten further if the European Union (EU) bans Russian crude. In the United States, which will reopen its embassy in Ukraine soon, officials said domestic oil and gas production is rising and will continue to rise to make up for the 1 million to 1.5 million barrels of oil per day that has been pulled off the market after Russia’s invasion of Ukraine. A strong dollar makes oil more expensive for other currency holders. The EU is preparing “smart sanctions” against Russian oil imports, according to a report in The Times of London that cited the European Commission’s executive vice president, Valdis Dombrovskis. Both benchmarks closed at their lowest since April 11 after losing nearly 5% last week.

LONDON — Oil slumped nearly 5% to its lowest in almost two weeks on Monday, extending last week's decline as concern grew that prolonged COVID-19 lockdowns ...

The OPEC member is losing more than 550,000 barrels per day in production because of unrest, with the Zawiya oil refinery suffering damage after armed clashes. Outages in Libya are also lending support. Article content Article content In Shanghai, authorities have erected fences outside residential buildings, sparking fresh public outcry. Article content

The Shanghai Composite Index plunged 5.1% to 2,928 on Monday, the biggest one-day drop since February 2020, during the Wuhan crisis. The index is now down 20% ...

Construction has been one of the primary drivers of economic growth in China, and the slow-motion collapse of the property-development sector is hitting the overall economy hard. Click on the beer and iced-tea mug to find out how: Using ad blockers – I totally get why – but want to support the site? They also announced that the movements of residents in a portion of the area, covering about 2.5 square miles, would be limited during the Covid tests. The index is now down 20% year-to-date and down 14% from a year ago. And so now there’s this confidence crisis as investors take a second look at China’s reality.

HSBC Holdings posted a 27% drop in quarterly profit on Tuesday and nixed the possibility of more buybacks this year, while it blamed rising inflation and ...

The lender, however, dealt a blow to shareholders by saying further buybacks, which it has in recent years used as a means of returning excess capital to investors, would be unlikely this year. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Libya appears on the brink of renewed civil conflict, as rival factions in eastern and western Libya fail to reconcile. No agreement has been reached on ...

Libya is potentially able to supply more natural gas to Europe, which currently gets about 40% of its supply from Russia, given Libya’s strong gas production and close proximity to the continent. The infighting also largely rules out Libya from reaching and implementing the decisions necessary to increase exports of natural gas, the price of which has similarly spiked as a result of the Ukraine invasion. The dynamics in Libya have also contributed to the spike in oil prices, as rival factions seek to control Libya’s national assets and revenue sources. U.S. officials have failed in their efforts to convince various oil producers, particularly Saudi Arabia and the United Arab Emirates, to increase production as a step toward stabilizing oil prices. Some activists in Libya accused Haftar of simultaneously ordering the closure of the coastal road linking Libya’s east and west, although there are no clear indications that the road is closed. The committee has included five members from the Tripoli-based National Unity Government headed by Dbeibah and five representatives of Haftar's forces.

Markets are showing fear this week. Not only are stocks down, but money is rushing into safe assets, sending the price of the 10-year Treasury up and its ...

Stocks plummeted Tuesday, a selloff driven by a mashup of anxieties about Big Tech earnings and China putting the brakes on global economic growth. The Nasdaq Dives 4%. Tech Earnings and China Trigger Anxiety. - Order Reprints

Investing.com – The S&P 500 fell Tuesday, as tech led a sharp selloff just hours before Microsoft and Google are set to kickoff quarterly results for big ...

"Earnings revisions breadth for the S&P 500 has resumed its downtrend over the past 2 weeks and is once again approaching negative territory (which would mean more downward than upward out-year EPS revisions)," Morgan Stanley (NYSE: MS) chief equity strategist Mike Wilson wrote in a note Monday. The wave of earnings so far has failed to impress investors as inflation has shifted from a tailwind for stocks to a headwind, pressuring expectations about future earnings. Zions Bancorporation (NASDAQ: ZION) fell more than 8% after Raymond James downgraded the stock to market perform from underperform after the bank reported first-quarter revenue that fell short of estimates. General Electric (NYSE: GE), a major Dow component, slumped more than 10% after conglomerate’s cautious tone on guidance overshadowed first-quarter results that beat on both the top and bottom lines. Chip stocks also added to the weakness in the overall tech sector, with AMD and Nvidia down more than 4% as investors price the prospect of supply chain disruptions following surge in Covid-19 cases in China. Microsoft (NASDAQ: MSFT) and Google-parent Alphabet (NASDAQ: GOOGL)fell more than 2% ahead of their quarterly results as investors aren’t showing any willingness to stick around to find out whether earnings from big tech will help steady broader market

The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as nerves ahead of earnings from megacap growth and technology companies added to ...

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