Friday, January 30, 2015
Oil prices edged higher Thursday but gains were capped amid fresh worries about the global supply glut as U.S. crude reserves soared to a record high, analysts said.
Thursday, January 29, 2015
Global stocks drifted Wednesday after weak earnings from several U.S. companies added to global growth concerns as investors waited for the U.S. Federal Reserve's latest statement on monetary policy.
The dollar recovered on Wednesday after taking a hit in New York in response to weak U.S. economic data and a string of poor earnings reports, while traders look ahead to a U.S. Federal Reserve policy meeting later in the day.
Oil prices fell in Asia Wednesday as dealers await the outcome of a U.S. Federal Reserve meeting and the release of a U.S. supply report expected to show a surge in crude stockpiles, analysts said.
The Russian government, facing its worst economic crisis in a decade, on Wednesday proposed cutting planned spending by 10 percent this year and 5 percent over the next two years in all categories except military and social expenditures.
Wednesday, January 28, 2015
European stocks drifted lower and Asian markets were mostly higher Tuesday as investors calmed from initial jitters over Greece's election result.
The major stock exchanges expect to remain open for trading Tuesday even as a blizzard barrels down on New York City.
World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said Tuesday, stressing it was for the market not OPEC producers to shore them up.
Oil prices on Tuesday edged up slightly after nearing six-year lows but gains were capped owing to lingering concern about a global supply glut, weak demand and Greece's political future, analysts said.
The euro edged up against the dollar on Tuesday after plunging in the wake of the anti-austerity Syriza party's victory in Greek elections, while the ruble dropped after Standard & Poor's cut Russia's debt rating to junk.