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Friday, September 4, 2015
European stocks up as they enjoy Chinese holiday
European stocks shot higher Thursday as investors enjoyed a respite from volatile mainland Chinese markets being closed for a long holiday weekend.
The U.S. dollar rose against the yen on Thursday, extending its recovery from losses early in the week, as confidence in global markets returned owing to solid U.S. economic data.
Oil prices slid on Thursday following a mixed U.S. petroleum report that showed an increase in reserves but a dip in production.
Thursday, September 3, 2015
Shanghai and Hong Kong stocks close down amid weak sentiment
Shanghai and Hong Kong stocks closed down after volatile trading on Wednesday gripped by ongoing concerns over mainland China's economic crisis that has rattled world markets.
World stocks were wobbly Wednesday on uncertainty over the economic outlook while mainland China's markets minimized losses amid speculation Beijing was intervening to support prices.
The U.S. dollar firmed against the euro and yen in Asia Wednesday on building optimism over the health of the U.S. economy.
Oil prices extended losses in Asia Wednesday as dealers digested weak U.S. and mainland Chinese manufacturing data, while expectations of a bearish U.S. stockpiles report also weighed on the market.
Wednesday, September 2, 2015
Asian stocks sank Tuesday after more data showed weakness in mainland China's economy, while gold and the yen advanced as investors fled to safer assets.
Oil prices fell in Asia Tuesday, surrendering some of their big gains of a day earlier after data showed manufacturing activity in top energy consumer China contracted in August.
The U.S. dollar lost ground for a second day Tuesday in line with a fall in Asian shares, as concerns about the global economy clouded the outlook for a long-awaited U.S. rate rise.
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