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Friday, February 13, 2015
Shares gain while earnings offset Greek debt worries
Stock markets were on a surer footing Thursday as anticipation of stronger corporate earnings helped to offset unease over the standoff between Greece and its creditors.
The euro weakened Thursday after talks between Greece and its European creditors on restructuring the country's bailout broke up without an agreement, with talks set to go down to the wire next week.
A top European Central Bank official says the bank's new 1.1 trillion euro (US$1.2 trillion) monetary stimulus could “fall on barren ground” if governments do not cut red tape and excessive regulation.
Oil prices edged higher in Asia Thursday but gains were capped owing to concerns about surging stockpiles in the United States, the world's top consumer, analysts said.
Thursday, February 12, 2015
Global stocks were muted Wednesday as investors turned their focus to an emergency meeting of eurozone finance ministers that will discuss Greece's appeal for more generous bailout conditions.
Oil prices rebounded in Asia on Wednesday following a sharp decline in the previous session, analysts said, as investors await a weekly U.S. stockpiles report later in the day. U.S. benchmark West Texas Intermediate (WTI) for March delivery rose 44 U.S. cents to US$50.46 a barrel while Brent crude for March rose 16 U.S. cents to US$56.59 in afternoon trade.
The euro rose in Asia Wednesday, with investors awaiting talks between Greece and its creditors over renegotiating a bailout deal, while the dollar firmed against the yen on expectations the Federal Reserve will hike interest rates.
Low oil prices normally help grease the wheels of business and spur global economic growth, but Moody's said Wednesday it would not revise its forecasts for the G-20, citing a variety of offsets to the expected windfalls.
Venezuelan officials announced Tuesday that they will allow a free-floating exchange rate for the country's battered currency.
Wednesday, February 11, 2015
Stocks were mostly lower for a second day Tuesday, weighed down by Greece's standoff with its creditors that threatens to shake global markets.
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