U.K. Economy Grew Less Than Expected as Manufacturing Slumped

The U.K. economy grew less than expected in February after industrial production and construction shrank. The 0.1% expansion followed a robust 0.8% gain in January, Office for National Statistics figures…

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European Gas Advances as EU Weighs New Sanctions Against Russia

Natural gas prices in Europe rose as supply fears intensified amid a push for further sanctions against Russia. Benchmark futures rose as much as 7%. Some European Union members are…

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BOE Set to Lift Key Rate to Pre-Pandemic Level: Decision Guide

The Bank of England, the first among major central banks to tighten monetary policy after the pandemic, looks all but certain to reach another milestone on Thursday by taking interest…

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Europe Needs to Cut Energy Demand. Now.

The world is facing its gravest energy shock since the 1970s oil crisis. Four decades ago, only the petroleum market was involved; this time, oil, natural gas, electricity and thermal coal — the world’s…

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Inflation Threat Spikes Across Markets as Russia Acts on Ukraine

Inflationary forces are mounting rapidly across financial markets, adding to challenges for investors as Russia’s highest premium on record for deliveries one year ahead, a measure known as backwardation that reflects how…

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European Gas Drops After Proposed U.S.-Russia Talks on Ukraine

European natural gas prices plunged as traders weighed the possibility of a summit between U.S. President Joe Biden and his Russian counterpart Vladimir Putin. Benchmark gas futures dropped as much…

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Markets Are Betting Against Central Bank Guidance as Inflation Spikes

Global central bankers are urging traders against bets on a supersized policy response to soaring inflation, amid continued hope they can successfully cool mounting price pressures without derailing economic recoveries.…

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Global Bond Rout Deepens as Jobs Surge Boosts Rate-Hike Bets

The global bond rout extended Monday, led by a selloff in Australian debt after strong U.S. payrolls data stoked expectations for aggressive rate hikes around the globe. Australian short-end yields…

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