Thursday, April 3, 2014
The price of oil was steady Wednesday after a big fall the day before as traders waited for a report on U.S. crude stockpiles.
Wednesday, April 2, 2014
Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates “for some time.”
Global stock markets were mostly higher Tuesday as the Fed's vow to keep interest rates low offset weak economic indicators from China and Japan.
The dollar held steady in Asia Tuesday as investors await the release of U.S. jobs data later in the week, while they largely ignored a Bank of Japan survey that showed business confidence at a more than six-year high.
The price of oil fell Tuesday, dented by soft Chinese manufacturing figures and Russia's withdrawal of a small number of troops from the forces massed along its border with Ukraine.
Tuesday, April 1, 2014
Global stocks were mostly higher Monday on expectations China and Japan will take new steps to spur economic growth.
The yen eased in Asia Monday as surprisingly weak Japanese factory output boosted speculation that the Bank of Japan would expand its stimulus program to prop up the world's number-three economy.
The price of oil was little changed near US$102 a barrel Monday ahead of a Chinese manufacturing report.
Friday, March 28, 2014
Political instability in Ukraine —coupled with potential freeze damage to winter wheat in the United States and a deepening drought in some major wheat producing countries — are conspiring to significantly drive up wheat prices, economists say.
Use of China's yuan as a global payments currency retreated in February, transactions organization SWIFT said, as the unit fell against the dollar.