Monday, July 28, 2014
In a world still struggling to shake off the worst financial crisis for a generation, many economists are worrying that new asset bubbles are already threatening to derail the tepid global recovery.
Saturday, July 26, 2014
The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the U.S. and China.
European stock markets were down Friday, while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. Traders were generally cautious at the end of the week, taking a wait-and-see attitude before another set of
Oil prices nudged lower on Friday as traders balanced soft gasoline demand in the United States and plentiful global supplies, against upbeat Chinese manufacturing data and ongoing geopolitical concerns.
The euro held firm against the dollar and yen on Friday after bouncing back from multi-month lows in the previous session in response to upbeat manufacturing data.
Friday, July 25, 2014
World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia.
The dollar held steady in Asia Thursday with currency markets little moved by weak Japanese trade data and upbeat manufacturing figures out of China.
The price of oil fell below US$103 a barrel Thursday, giving back part of its gains from the day before, despite improvements in Chinese manufacturing.
Thursday, July 24, 2014
Global stocks mostly rose Wednesday, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased.
The euro touched multi-month lows against the dollar and yen on Wednesday as investors fret about the impact on the eurozone economy of possible fresh sanctions against Russia following the downing of Flight MH17.