Friday, November 21, 2014
Gulf oil producers led by Saudi Arabia will likely reject output cuts at an Organization of Petroleum Exporting Countries (OPEC) meeting next week unless they are guaranteed their market share in a highly competitive market, analysts say.
Asian markets were mixed Thursday after another round of weak manufacturing data underlined the slowdown in China's economy, while minutes from the U.S. Federal Reserve's latest meeting gave few hints about its plans for interest rates.
The yen drifted lower on Thursday, hitting multi-year lows against the dollar and euro as investors bet on further Bank of Japan monetary easing measures.
Oil prices edged higher in Asia Thursday but gains were capped as dealers expect Gulf members of the OPEC cartel to reject production cuts unless they are guaranteed market share, analysts said.
Thursday, November 20, 2014
Financial planning often involves lots of spreadsheets, pie charts and eyes glazing over.
The yen slipped in Asia Wednesday after Bank of Japan policymakers trimmed their inflation expectations but held off fresh easing measures, despite the economy's fall into recession.
Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia would resist pressure from other Organization of the Petroleum Exporting Countries (OPEC) members to cut output in order to prop up falling prices. Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia would resist pressure from other Organization of the Petroleum Exporting Countries (OPEC) members to cut output in order to prop up falling prices.
World stock markets were lackluster Wednesday as investors digested a fall in Chinese home prices and Japan's scramble to overcome its economic malaise.
Wednesday, November 19, 2014
Shares in Tokyo jumped Tuesday on expectations, confirmed after markets closed, that the Japanese government would respond to a recession by postponing a sales tax hike. Other global markets mostly made modest gains.
The dollar held steady against the yen in Asia Tuesday after the previous day's sell-off in response to news that Japan had slipped into recession, while speculation over European Central Bank (ECB) stimulus pressured the euro.