Wednesday, December 11, 2013
Stocks consolidated some of their gains of the last two days as caution also ticked-up before the Federal Reserve's meeting next week amid talk of a tentative scaling-back of its stimulus from some of its policymakers.
The dollar edged up in Asia Tuesday, after big gains in New York as a Federal Reserve official hinted that the U.S. central bank could announce a winding down of its stimulus program as early as next week.
The price of oil rose Tuesday amid optimism over an improving U.S. economy and encouraging data from China. Benchmark U.S. crude for January delivery was up 38 cents at US$97.72 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract fell 31 cents to US$97.34 on Monday.
Tuesday, December 10, 2013
Global stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month.
The dollar was steady in Asia Monday after a solid U.S. jobs report for November boosted the chances of an early pullback on the Federal Reserve's stimulus program.
The price of oil inched toward US$98 a barrel Monday after stronger U.S. hiring suggested demand for crude could increase.
Monday, December 9, 2013
The global video gaming market is set to grow 11.1 percent a year until 2017, boosted by a new generation of consoles and the increasing popularity of online games, according to IDATE digital research and consultancy firm.
Saturday, December 7, 2013
Financial markets were in a state of suspended animation on Friday as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.