Tuesday, August 26, 2014
Oil prices fell in Asian trade Monday on a stronger dollar as investors digested U.S. Federal Reserve Chief Janet Yellen's defense of the bank's monetary policy, analysts said.
Saturday, August 23, 2014
European shares were flat as investors awaited a meeting of central bankers that might shed light on the timing of U.S. interest rate hikes.
The dollar inched down in Asia Friday as investors awaited a speech by the U.S. Federal Reserve chief for any hint at when the bank will start raising interest rates.
Oil prices rose in Asia Friday but gains were capped by downbeat Chinese manufacturing data and the low likelihood of supply disruptions in conflict-hit Iraq, Ukraine and Libya, analysts said.
Friday, August 22, 2014
Some U.S. Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
Asian stock markets were dampened by a weak China manufacturing survey Thursday, but European stocks opened higher. Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first rate hike since the 2008 financial crisis.
The dollar edged up against the euro and the yen in Asian trade Thursday, building on the 11-month high it reached against the European currency overnight as the market eyed U.S. rate hikes.
Oil prices edged lower in Asia Thursday on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption, analysts said.
Thursday, August 21, 2014
Asian stocks got a slight boost Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar, while European markets drifted lower ahead of Federal Reserve minutes.
The dollar hit multimonth highs against the euro and yen in Asia Wednesday after a surge in U.S. housing construction boosted optimism over the state of the world's number one economy.