Saturday, November 2, 2013
Asian and European stock markets were muted Friday despite an uptick in China's manufacturing as investors continued to fret that the U.S. Federal Reserve will begin cutting its stimulus as soon as January.
The euro extended its losses in Asia Friday after a weak set of inflation data raised fears the debt-wracked eurozone could sink into a deflationary spiral.
The price of oil continued to fall on Friday as concerns over high supplies offset a report showing China's power-hungry manufacturing sector is strengthening.
Friday, November 1, 2013
The Federal Reserve says its low interest-rate policies are still needed to invigorate a subpar U.S. economy.
Six of the world's leading central banks, including the U.S. Federal Reserve, say they will provide each other with ready supplies of their currencies on a standing basis, extending arrangements set up to steady the global financial system during post-2007 turbulence.
Fears that the U.S. Federal Reserve bank will begin cutting its stimulus to the American economy sooner than expected spooked world markets on Thursday, driving shares down.
The dollar eased in Asia Thursday, paring gains in New York after the U.S. Federal Reserve kept its stimulus program in place but gave an upbeat view of the economy dealers took as a hint at a wind down soon.
Oil extended losses below US$97 a barrel Thursday, dragged down by plentiful supplies and the prospect of less U.S. monetary stimulus.
Thursday, October 31, 2013
The Federal Reserve is expected to maintain its massive bond-buying campaign when it concludes a two-day meeting on Wednesday and may point to softer readings on the U.S. economy to signal that the policy will be extended into 2014.
World stock markets charged higher Wednesday after the Dow Jones industrial average hit an all-time high on expectations the Federal Reserve will keep its economic stimulus fully in place until next year.