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August, 25, 2016

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Business > Global Markets
World stock markets wobbled Thursday as investors awaited an expected interest rate cut from the Bank of England to counter Brexit fallout.
 
Oil prices extended their rebound in Asia on Thursday following a mixed set of U.S. stockpile data but analysts warn that the gains might not hold.
 
The U.S. dollar was under pressure Thursday as upbeat jobs data did little to boost hopes for a U.S. interest rate rise, while traders also eyed a Bank of England meeting.
 
Shares in Taiwan closed moderately higher Thursday after select large-cap stocks staged a technical rebound from a slump seen a session earlier, dealers said.
 
Taiwan shares tumble but still end above 9,000 points
Shares in Taiwan moved lower Wednesday as weakness on Wall Street led investors to dump some of their holdings, but the weighted index still ended above the psychologically important 9,000-point level, dealers said.
 
Oil rose Wednesday, but held near three-month lows as traders awaited data that will give hints of demand in the world's top consumer.
 
Car parts supplier Continental upped its forecast for 2016 on Wednesday after strong performance in its tires business.
 
Europe's equity markets slid Tuesday on banking fears, ultra-low oil prices and disappointment over Japan's vast stimulus, dealers said.
 
Oil prices pushed higher on Tuesday a day after slipping into a bear market, scraping back losses as bargain-buyers took advantage of a weaker dollar.
 
Asian currencies slumped Tuesday as an overnight selloff in oil hit sentiment, while the Australian dollar dropped after the central bank slashed interest rates to a record low.
 
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