Wednesday, August 27, 2014
Oil prices rose in Asia Tuesday as dealers await the release of a batch of U.S. economic data for clues on whether the U.S. Federal Reserve will speed up its timetable for raising interest rates, analysts said.
Tuesday, August 26, 2014
Global stock markets were mostly higher Monday after top central bankers in Europe and Japan said support for their economies would continue and additional help is possible.
The dollar surged Monday as investors bet on a U.S. rate hike sooner rather than later, following a speech by U.S. Federal Reserve chief Janet Yellen.
Oil prices fell in Asian trade Monday on a stronger dollar as investors digested U.S. Federal Reserve Chief Janet Yellen's defense of the bank's monetary policy, analysts said.
Saturday, August 23, 2014
European shares were flat as investors awaited a meeting of central bankers that might shed light on the timing of U.S. interest rate hikes.
The dollar inched down in Asia Friday as investors awaited a speech by the U.S. Federal Reserve chief for any hint at when the bank will start raising interest rates.
Oil prices rose in Asia Friday but gains were capped by downbeat Chinese manufacturing data and the low likelihood of supply disruptions in conflict-hit Iraq, Ukraine and Libya, analysts said.
Friday, August 22, 2014
Some U.S. Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
Asian stock markets were dampened by a weak China manufacturing survey Thursday, but European stocks opened higher. Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first rate hike since the 2008 financial crisis.
The dollar edged up against the euro and the yen in Asian trade Thursday, building on the 11-month high it reached against the European currency overnight as the market eyed U.S. rate hikes.