Saturday, November 15, 2014
World stocks were mostly higher Friday as investors expected policymakers in Europe and Japan to open the stimulus taps wider as their economies slumber.
The yen was mixed in Asia on Friday as investors eye third-quarter Japanese growth figures next week while speculation swirls of a delay to a controversial sales tax hike and a possible snap election next month.
Oil prices bounced back in Asia Friday after diving to fresh lows in the previous session on expectations that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut production levels to counter a global supply glut.
Wheat prices are surging this week as temperatures plunge in the U.S. Plains states and after a government report showed domestic supplies slipped.
Friday, November 14, 2014
Global stocks were mostly higher Thursday after Japan reported a surprise rise in machinery orders as investors looked ahead to the latest U.S. employment and retail sales data.
The yen struggled in Asian trade Thursday amid speculation that Tokyo will delay a sales tax hike planned for next year, while the pound lost more ground after the Bank of England cut its growth and inflation forecasts.
Brent oil slumped Thursday to a new four-year low on expectations that OPEC will be unlikely to cut production levels to counter the global supply glut, traders said.
Gold consumption fell slightly in the third quarter as sliding jewelry demand in China offset strong growth in India, sector data showed on Thursday.
Thursday, November 13, 2014
Global regulators announced Wednesday US$3.2 billion in fines against five major U.S. and European banks for attempting to manipulate foreign exchange markets.
With fossil fuels set to meet most of the increased global demand for energy, the IEA warned Wednesday that climate change targets are at risk and conflicts could still wreak havoc with supplies.