Stock Market
By Pankaj K
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Currency Markets in Chaos. Traders are bailing on the dollar fast. Gold prices shot up 2.
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Stock Markets React. Wall Street couldn't make up its mind this week. The S&P 500 fell 0.
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The dollar took a beating this week. Global central banks are getting nervous about the Iran conflict, and traders are dumping greenbacks for safer bets like gold and Swiss francs.
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Central bank chiefs from Europe to Asia are scrambling to figure out their next moves. The European Central Bank dropped hints about possible policy tweaks but won't say what…
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Fed Chair Jerome Powell isn't panicking yet.
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But Powell made it clear the Fed's ready to jump in if markets go haywire. He spoke at a banking conference in Chicago on Wednesday, saying the central bank has "all the tools…
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Traders are bailing on the dollar fast. Gold prices shot up 2.8% to $2,045 per ounce, while the Swiss franc gained ground against most major currencies.
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The pound sterling also benefited from dollar weakness, rising 1.5% against the greenback. But the Bank of England isn't celebrating - Governor Andrew Bailey warned that global…
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Oil prices are adding fuel to the fire. Brent crude jumped above $75 per barrel on supply fears, with some analysts predicting it could hit $80 if shipping routes get disrupted.
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Wall Street couldn't make up its mind this week. The S&P 500 fell 0.3% on Friday as investors worried about economic fallout from the Iran situation.
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Bond yields dropped as money flowed into Treasuries. The 10-year note yield fell to 1.85%, its lowest since January.
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Asian markets are on edge too. The Nikkei 225 lost 1.8% over the week, while Hong Kong's Hang Seng dropped 2.2%.
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Bank of Canada Governor Tiff Macklem called the Iran situation a "significant risk" during a speech in Toronto on Thursday.
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Germany's Bundesbank is freaking out about inflation. President Joachim Nagel said rising energy costs could derail the eurozone's progress on price stability.
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Australia's central bank is watching from the sidelines. Reserve Bank Governor Philip Lowe said Australia doesn't have much direct exposure to Iran, but global trade effects…
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