European markets open to close, stocks, news, data and earnings

Pound woes continue ahead of UK energy support announcement Questions about the support package’s impact on UK growth and net debt have combined with ongoing dollar strength amid market volatility. The euro was up 0.24% against the pound at 0.8639 ahead of the ECB announcement, but down 0.17% against the dollar at 0.9986. — Jenny … Read more

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally

Oil prices climb following Russian threat to halt energy exports Oil prices rose, rebounding from losses in the previous sessionfollowing Russian President Vladimir Putin’s threat to stop oil and gas exports if European nations impose price caps on Russian oil. Brent crude futures climbed 1% to stand at $88.88 per barrel, while US West Texas … Read more

Stocks trade mixed; dollar index crosses 110

Nuclear power can help Japan become energy self-sufficient, says the minister Reactivating nuclear plants in Japan will make it possible for the country to be self-sufficient and ensure energy security, said Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura. “If Japan reactivates one nuclear plant, it produces one million tons’ worth of energy, making … Read more

Study finds link between ultra-processed foods and mental health

Nearly one in five adults live with a mental illness such as depression or anxiety, which are among the leading causes of morbidity, disability, and mortality, according to the National Institute of Mental Health. At the same time, consumption of ultra-processed foods has reached record levels in the US. Researchers from Florida Atlantic University’s Schmidt … Read more

Jobs report expected to run hot and that could lead to aggressive Fed

A “We’re Hiring” sign is posted at a Target store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images Job growth in August likely slowed from July’s frenzied pace, but it is still expected to have been quite strong, with broad-based hiring across many sectors. Monthly jobs data is always important, … Read more

Market players are starting to fear a major policy error from a central bank

A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The US Federal Reserve last week struck a hawkish tone on combating inflation via monetary policy, but analysts are concerned about … Read more

Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says

After a rough few months for semiconductor stocks, one Wall Street analyst expects the pain to continue and predicted Tuesday that “we are entering the worst semiconductor downturn in a decade.” In a Tuesday note, Citi Research analyst Christopher Danley wrote that this earnings season marked the first since the pandemic began in which consensus … Read more