Wednesday, August 27, 2014
Global stocks were mostly lower Tuesday as investors digested signals from the Jackson Hole meeting of central bankers and looked ahead to data expected to show an improving U.S. economy.
The euro was stuck around US$1.32 in Asia Tuesday after falling to an 11-month low against the dollar on a weak batch of German data and hints the European Central Bank ECB) could unveil easing measures to fight off deflation.
Oil prices rose in Asia Tuesday as dealers await the release of a batch of U.S. economic data for clues on whether the U.S. Federal Reserve will speed up its timetable for raising interest rates, analysts said.
Tuesday, August 26, 2014
Global stock markets were mostly higher Monday after top central bankers in Europe and Japan said support for their economies would continue and additional help is possible.
The dollar surged Monday as investors bet on a U.S. rate hike sooner rather than later, following a speech by U.S. Federal Reserve chief Janet Yellen.
Oil prices fell in Asian trade Monday on a stronger dollar as investors digested U.S. Federal Reserve Chief Janet Yellen's defense of the bank's monetary policy, analysts said.
Saturday, August 23, 2014
European shares were flat as investors awaited a meeting of central bankers that might shed light on the timing of U.S. interest rate hikes.
The dollar inched down in Asia Friday as investors awaited a speech by the U.S. Federal Reserve chief for any hint at when the bank will start raising interest rates.
Oil prices rose in Asia Friday but gains were capped by downbeat Chinese manufacturing data and the low likelihood of supply disruptions in conflict-hit Iraq, Ukraine and Libya, analysts said.
Friday, August 22, 2014
Some U.S. Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.