Thursday, February 20, 2014
Federal Reserve officials agreed at their January meeting that further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving.
Foreign buyers of U.S. Treasury securities increased their holdings to a record in December even though the two largest holders of U.S. government debt — China and Japan — reduced their shares.
Asian markets were mixed Wednesday, with Tokyo stocks dropping after the previous session's surge, as investors awaited U.S. housing data and minutes from the Federal Reserve's last meeting.
The yen rebounded in Asia Wednesday after it tumbled on the Bank of Japan's move to boost lending to commercial banks, as investors eye U.S. housing data and minutes from the Federal Reserve's last meeting.
The price of oil extended gains to near US$103 a barrel Wednesday, driven by severe winter weather in the U.S. and supply concerns. Benchmark U.S. crude for March delivery was up 38 cents to US$102.81 a barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract surged US$2.13 to close at US$102.43 a barrel on Tuesday.
Wednesday, February 19, 2014
Japan led Asian stock markets higher Tuesday after the country's central bank announced new measures to support growth. European markets were lower.
The yen tumbled in Asia on Tuesday after the Bank of Japan (BoJ) held off expanding its asset-buying program but said it would boost some lending schemes to stimulate borrowing.
The price of oil stayed above US$100 a barrel Tuesday on expectations cold weather in the U.S. and steady Chinese growth will underpin demand.
Tuesday, February 18, 2014
Global stocks rose Monday after China's bank lending rebounded and European economic growth exceeded forecasts.
The yen strengthened in Asia Monday as investors shuffled their positions after weaker-than-expected Japanese growth figures dented confidence in Prime Minister Shinzo Abe's policy blitz, dubbed Abenomics.