Thursday, November 7, 2013
World stock markets were mixed Wednesday, with benchmarks in Asia flitting between gains and losses after an improvement in U.S. service industries reinforced expectations the Federal Reserve will reduce monetary stimulus. European markets gained.
The euro rebounded in Asia trade on Wednesday on hopes for fresh European Central Bank easing policies after officials downgraded their eurozone growth forecasts for next year.
Oil hovered below US$94 a barrel Wednesday ahead of a report expected to show another increase in U.S. crude stockpiles.
Wednesday, November 6, 2013
Financial markets were leaden-footed Tuesday in the run-up to key economic events in Europe, the U.S. and China this week.
The euro slipped in Asia Tuesday ahead of a European Central Bank (ECB) meeting later in the week, with a sharp dip in eurozone inflation fueling speculation of an interest rate cut.
Oil flat-lined for a second day Tuesday as traders waited for a new cue after a month of falling prices.
Tuesday, November 5, 2013
Markets were trading in narrow ranges Monday as investors awaited a raft of economic and corporate news over the coming days, including the monthly policy meeting of the European Central Bank.
The euro edged lower in Asian trade Monday on growing expectations that the European Central Bank will cut interest rates to counter falling inflation, analysts said.
Oil steadied above US$94 a barrel Monday after falling more than 7 percent in the past month on ample supplies and muted demand.
Saturday, November 2, 2013
China said Friday it opposes the release of a WTO report about its export curbs on rare earths — exotic minerals used in mobile phones and other high-tech products — following news accounts that the document rejects Beijing's policy as a trade violation.