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April, 30, 2016

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Business > Global Markets
Global shares rose Friday with Europe off to a strong start as investors reassessed an unexpectedly wide array of stimulus measures announced a day earlier by the European Central Bank.
 
Oil prices held most of the previous day's strong gains Thursday, but while a dive in U.S. gasoline stockpiles fueled hopes for a pick-up in demand, traders remain on edge over the long-running supply glut.
 
The euro ticked lower against the U.S. dollar Thursday as investors focus on a meeting of the European Central Bank that is expected to see it unveil more stimulus to shore up the stumbling eurozone economy.
 
The U.S. dollar rallied against emerging market currencies on Wednesday as dealers moved into safer investments as persistent worries of a slowdown in mainland China rekindled fears for the global economy.
 
Oil prices rose in Asia Tuesday but renewed concerns over the global economy limited gains after Chinese exports saw their heaviest fall in nearly seven years.
 
The world's third-largest economy is stuck in neutral, as wary Japanese consumers and corporations opt to hold onto their cash rather than spend it.
 
Oil prices dipped in Asia Tuesday but Brent crude stayed above US$40 a barrel, as traders took profits after solid gains over the past three weeks.
 
Emirati Oil Minister Suhail Mazrouei said Monday that current market prices are forcing most producers to freeze oil output levels. He insisted that it made "no sense" to pump more crude.
 
Mainland Chinese telecommunications equipment giant ZTE said on Monday that it is facing U.S. government restrictions, after a media report that the company allegedly violated U.S. export controls on Iran.
 
Emerging market currencies rallied against the U.S. dollar Monday after the mood on regional trading floors got a strong boost from a solid U.S. monthly jobs report and further gains in oil prices.
 
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