Most Asian markets turned lower for a second day Thursday, with energy firms struggling after another sell-off in oil fueled by concerns about a planned output cut.
Asian markets mostly retreated Wednesday, with energy firms hit by sinking oil prices as fresh fears about a planned output cut by major producers was fanned by a report Russia will not take part.
The U.S. dollar rose in Asia Tuesday as the chances of an interest rate hike were further boosted, while most stock markets recovered from early losses to track a Wall Street lead higher.
The U.S. dollar pushed higher in Asia on Monday as investors increased their bets on a U.S. interest rate hike by the end of the year, but stock traders were more reticent ahead of the corporate earnings season.
The collapse of free trade talks between Canada and the European Union Friday is yet another sign of increasingly stiff resistance to economic globalization.1 Comment
Canada walked out of talks Friday meant to save a massive trade deal with the European Union, unable to break a deadlock with a small Belgian region that has been defying multinational efforts to have the pact signed next week.
Europe's main stock markets hit the pause button Friday as investors mulled an uninspiring European Central Bank decision, but London smoked out gains from a vast tobacco takeover.
Stock markets in Europe were mixed on Thursday after the European Central Bank signaled no changes to its bond-buying stimulus program set to expire in just over five months.
The terror threat in Europe, a strong dollar and uncertainty over the U.S. presidential elections have eroded the confidence of the globe's big-spenders, holding luxury purchases flat in 2016, according to a study released Thursday.
A global stocks rally stuttered Wednesday as dealers mulled Chinese growth numbers, ahead of the final U.S. presidential debate and on the eve of a eurozone interest rate decision.