Tuesday, March 18, 2014
Oil prices were slightly lower Monday after Crimea's vote to split from Ukraine and join Russia.
Saturday, March 15, 2014
The IEA on Friday raised its forecast for global oil demand in 2014 as the world economic backdrop improves, but warned that the crisis in Ukraine could still drag down consumption.
Concerns over the Chinese economy and the ongoing tensions in Ukraine continued to drive stock markets around the world lower Friday. The twin worries have had a firm grip over financial markets all week.
The yen rose in Asia Friday, extending gains in New York on concerns about China's economy and the Ukraine crisis, while the euro fell after the head of Europe's Central Bank pledged to take action to fight deflation.
Oil prices edged slightly higher on Friday but remained under US$100 a barrel as traders weighed whether an apparent pickup in the U.S. economy could spur enough demand to offset a slowdown in China and tension in the Ukraine.
Friday, March 14, 2014
Further disappointing Chinese economic figures kept market sentiment in check Thursday, after a volatile week that has been dominated by concerns over the world's number 2 economy.
Wednesday, March 12, 2014
World stock markets steadied Tuesday after a sell-off the day before.
The dollar moved in a tight range in Asian trade Tuesday after the Bank of Japan (BOJ) held off launching fresh monetary easing measures.
The price of oil was little changed near US$101 a barrel Tuesday after tumbling because of data suggesting China's economy might continue to slow this year.
Tuesday, March 11, 2014
The mood in financial markets steadied Monday despite earlier big losses in Asia following disappointing Chinese and Japanese economic data.