Wednesday, July 2, 2014
European shares rose Wednesday, led by BNP Paribas after the bank said it had enough funds to pay a nearly US$9 billion settlement of charges it violated U.S. trade sanctions. Asian stock markets were lackluster despite an improvement in China's manufacturing.
The dollar edged up in Asia Tuesday as gains in Tokyo stocks boosted sentiment, but lower U.S. bond yields kept the unit under the 102-yen level, analysts said.
The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.
Tuesday, July 1, 2014
Global stock markets mostly inched higher Monday as investors prepared for a busy week of economic news that will give new clues about the strength of the global recovery.
The dollar drifted lower in Asia on Monday as a string of disappointing U.S. data last week put pressure on the currency.
The price of oil declined Monday as markets waited for the preliminary reading of China's manufacturing for June.
Saturday, June 28, 2014
Asian stocks slumped Friday after reports showed weak U.S. consumer spending and slowing Chinese industrial profit growth, casting doubts on whether the world's two biggest economies can rebound.
The dollar edged down against the yen and the euro in Asian trade on Friday after uninspiring U.S. data and a slide on Wall Street, dealers said.
The price of oil held steady on Friday as poor U.S. economic data raised the prospect of weak growth in energy demand while fears eased that fighting in Iraq would disrupt exports.
Friday, June 27, 2014
Asian stock markets rose Thursday while European gains were more restrained, as investors largely brushed off a poor quarterly U.S. economic report as a blip and instead factored in rebounding growth as policymakers maintain ultralow interest rates.