Saturday, August 16, 2014
The dollar held steady in Asia Friday on easing concerns over the situation in Ukraine as Russian President Vladimir Putin called for an end to the crisis in the violence-wracked country.
Oil prices rebounded in Asia Friday on bargain hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said.
Friday, August 15, 2014
A contraction in Germany's economy and stagnation in France dragged on European stocks Thursday while Asian markets ended mixed.
The euro was mixed in Asia Thursday as investors awaited second-quarter eurozone growth figures. In afternoon Tokyo trading, the European single currency fetched US$1.3361 against US$1.3363 in New York, while it rose to 137.07 yen from 136.89 yen.
Oil prices fell in Asia Thursday following a surprise increase in U.S. commercial crude-oil stockpiles and a slew of soft economic data from leading energy consumers.
Thursday, August 14, 2014
Global stock markets overcame a contraction in Japan's economy and jitters about Ukraine and Iraq to mostly rise Wednesday, but analysts said new geopolitical developments would likely make for volatile trading.
The dollar firmed against major currencies in Asian trade on Wednesday, but its movement was limited because many traders were off for the summer holiday season.
Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for 2014 and 2015 while reporting a glut in global supplies despite conflicts in Iraq and Ukraine.
Wednesday, August 13, 2014
U.S. stocks gained on Monday as investors focused on corporate news instead of geopolitical worries.
The greenback extended its gains in Asia on Tuesday, recovering from a sharp fall last week fuelled by Washington's announcement that it had authorized airstrikes in Iraq.