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Friday, August 15, 2014
A contraction in Germany's economy and stagnation in France dragged on European stocks Thursday while Asian markets ended mixed.
The euro was mixed in Asia Thursday as investors awaited second-quarter eurozone growth figures. In afternoon Tokyo trading, the European single currency fetched US$1.3361 against US$1.3363 in New York, while it rose to 137.07 yen from 136.89 yen.
Oil prices fell in Asia Thursday following a surprise increase in U.S. commercial crude-oil stockpiles and a slew of soft economic data from leading energy consumers.
Thursday, August 14, 2014
Global stock markets overcame a contraction in Japan's economy and jitters about Ukraine and Iraq to mostly rise Wednesday, but analysts said new geopolitical developments would likely make for volatile trading.
The dollar firmed against major currencies in Asian trade on Wednesday, but its movement was limited because many traders were off for the summer holiday season.
Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for 2014 and 2015 while reporting a glut in global supplies despite conflicts in Iraq and Ukraine.
Wednesday, August 13, 2014
U.S. stocks gained on Monday as investors focused on corporate news instead of geopolitical worries.
The greenback extended its gains in Asia on Tuesday, recovering from a sharp fall last week fuelled by Washington's announcement that it had authorized airstrikes in Iraq.
Oil prices fell in Asia Tuesday on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq, analysts said.
Tuesday, August 12, 2014
Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD said on Monday.
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