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May, 3, 2016

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Business > Global Markets
Global uncertainties will shave around 0.1 percentage point off growth in Germany this year, but Europe's economic powerhouse remains in a moderate uptrend, an expert panel said Wednesday.
 
European stocks rose Wednesday, largely recovering the losses that had followed the deadly bombings in Belgium, while Asian markets mostly fell moderately.
 
Tokyo stocks rose sharply on Tuesday, fueled by weakness in the yen, but broader Asian markets were subdued as last week's rally waned.
 
The American dollar held firm against the yen and the euro on Tuesday, after two Federal Reserve officials suggested the U.S. central bank may raise interest rates as soon as next month.
 
The American dollar held firm against the yen and the euro on Tuesday, after two Federal Reserve officials suggested the U.S. central bank may raise interest rates as soon as next month.
 
Oil prices resumed their rise in Asia on Tuesday, staying above US$41 a barrel, as OPEC raised hopes of a moderate rebound and announced a meeting of key producers in April.
 
The U.S. dollar strengthened against emerging market currencies in Asia on Monday as traders shook off the effects of a lower interest rate outlook from the U.S. Federal Reserve.
 
Global stocks mostly advanced on Friday after the Federal Reserve's decision on slowing the pace of rate hikes underpinned sentiment, boosting prices for oil and other commodities. But shares in Tokyo fell as the yen's strength worried investors.
 
The rally in oil prices extended into Asian trade Friday, a day after the main U.S. contract broke US$40 for the first time this year on the back of a weak U.S. dollar and optimism about output talks due next month.
 
The U.S. dollar slumped further on Friday in Asia on the lingering effects of the U.S. Federal Reserve's lower interest rate outlook.
 
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