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Friday, August 1, 2014
Interest rates rises could thwart G-20 growth goal
The G-20's pledge to boost growth could be wiped out by rising interest rates and weakening emerging economies, an IMF report said, as Chief Christine Lagarde warned Thursday of “slow” progress in reaching the goal.
European stocks sank on Thursday as investors digested a barrage of results, with Frankfurt sliding after German sportswear giant Adidas issued a gloomy profits warning linked to the crisis in Ukraine.
The dollar edged lower against the yen in Asia Thursday after surging to a near four-month high in U.S. trade in response to forecast-beating U.S. economic growth data.
Oil prices fell further on Thursday as concerns eased that fresh Western sanctions on Russia over Ukraine would have an immediate impact on global crude supplies, analysts said.
Wednesday, July 30, 2014
Europe's stock markets edged higher on Tuesday in subdued deals, as traders eyed the prospect of more EU sanctions on Russia over the Ukraine crisis.
The dollar edged up against the euro and yen Tuesday with investors awaiting the U.S. Federal Reserve's latest policy meeting as the bank's head faces calls to hike interest rates earlier than she has indicated.
World oil prices diverged on Tuesday as traders balanced global demand fears against geopolitical concerns centered on Ukraine, analysts said.
Tuesday, July 29, 2014
European stock markets strike a mixed note
Europe's stock markets diverged on Monday in mixed trading, ahead of a busy week for economic news, dealers said. London's benchmark FTSE 100 index rose 0.11 percent to stand at 6,799.07 points in late morning deals in the capital. In Paris, the CAC-40 gained 0.33 percent to 4,345.47 points, while Frankfurt's DAX 30 index fell 0.11 percent to 9,633.72 compared with Friday's close. Before the weekend, European equities sank as sentiment was soured by falling German business confidence.
The dollar moved narrowly in Asia Monday as simmering geopolitical tensions capped activity while investors look to a slate of U.S. data and a Federal Reserve policy meeting later this week.
The price of oil traded around US$102 a barrel on Friday, nearly unchanged, as worries over supplies and geopolitical tensions eased.
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