Saudi Arabia is committed to stabilizing the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices fell below US$48 a barrel.
The British pound slumped to an eight-week low point Tuesday on Brexit concerns, while markets were cautious overall ahead of a much-anticipated Federal Reserve policy meeting.
Asian markets mostly rose Monday following last week's forecast-busting U.S. jobs report but the dollar weakened against most other currencies, with this week's expected Federal Reserve interest rate hike already accounted for.
China is mulling participation in upcoming Trans-Pacific Partnership (TPP) talks to be held in Chile in the wake of the U.S.' withdrawal from the agreement, a Chinese foreign ministry spokesperson has said.
Energy firms led a broad sell-off in world stock markets Thursday following a plunge in oil prices.
European stock markets held steady on Wednesday as London waited on Britain's budget and Frankfurt digested solid German data.
European stocks sank on Monday after Germany's troubled Deutsche Bank unveiled plans over the weekend to raise 8.0 billion euros (US$8.5 billion) in fresh capital.
The dollar rose Wednesday after two top Federal Reserve officials suggested U.S. interest rates could rise this month, while Donald Trump's speech to Congress boosted European stocks.
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Stock markets were downbeat worldwide Tuesday and the dollar came under fresh selling pressure as trading floors grew cautious before Donald Trump's speech to a joint session of Congress.