May 19 (Reuters) - Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some coronavirus lockdowns.
SHANGHAI, May 20 (Reuters) - Asian shares jumped in early trade on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on record amid investor worries about sluggish growth.
TOKYO, May 20 (Reuters) - The U.S. dollar was headed for its worst week since early February against major peers on Friday, weighed down by a retreat in Treasury yields and fatigue after the currency's breathless 10%, 14-week surge.
SHANGHAI, May 19 (Reuters) - Retail car sales in China jumped 27% in the first half of May from the same period a month earlier in early signs of recovery for the world's largest auto market, which has been battered by COVID-19 lockdowns, data showed.
TOKYO, May 19 (Reuters) - Oil prices rose on Thursday, recovering from early losses, on hopes that the planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.
BEIJING/HONG KONG, May 19 (Reuters) - Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains.
