Friday, August 8, 2014
Oil prices fell further in Asia Thursday on ebbing fears about armed conflicts around the world and concerns about weakening U.S. demand, analysts said.
Thursday, August 7, 2014
Worries over Russian troops amassing near the Ukraine border caused a sharp sell-off in global stock markets on Wednesday. Germany's DAX dropped 1.4 percent to 9,064.55 and the FTSE 100 in London shed 1.1 percent to 6,611.92. France's CAC was down 1.1 percent to 4,187.23. U.S. markets looked set for another day of losses. Dow futures were down 0.2 percent to 16,340 and S&P 5000 futures slipped 0.1 percent to 1,911.70.
Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid demand in the United States, analysts said.
The euro was hovering near an eight-month low against the dollar in Asia on Wednesday on speculation that the European Central Bank (ECB) would hint at further stimulus after a policy meeting.
Wednesday, August 6, 2014
European stock markets were higher Tuesday, continuing to recoup losses after last week's sell-off. Asian stock markets mostly retreated after China's services industries weakened in July.
The euro stayed weak against the dollar in Asia on Tuesday as investors awaited eurozone data and a monthly policy meeting of the European Central Bank (ECB).
The Malaysian equities market recorded a whopping 13 billion ringgit (US$4.07 billion) in net outflows of foreign portfolio funds over a 15-month period, and industry experts remain divided as to whether this negative trend will continue.
Oil prices rose in Asia Tuesday on fresh fears of supply disruptions in the Middle East, analysts said. U.S. benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to US$98.39, while Brent crude for September gained 15 cents to US$105.56 in afternoon trade.
Tuesday, August 5, 2014
Due to a series of explosions that tore apart Kaohsiung City last Thursday, stock prices of LCY Chemical Corp. (李長榮化工), the company that has received much of the blame for the accident, plummeted for two continuous days and lost NT$2.8 billion in value on the stock market.
Investors who are channeling funds into emerging markets at record highs should note that growth in these economies is expected to slow down.