Thursday, November 12, 2015
Shanghai stocks managed to lead a regional advance on Wednesday as more figures from mainland China indicating weakness in the world's No. 2 economy spurred hopes Beijing will unveil more measures to spur growth.
The U.S. dollar retreated in Asia on Wednesday after rallying on last week's U.S. jobs data, as analysts said the latest economic figures from mainland China failed to ease international anxiety over its economy.
Oil prices resumed their decline in Asia on Wednesday, with global crude oversupply continuing to dampen investors' sentiment despite occasional rallies.
Wednesday, November 11, 2015
Global energy use is set to grow by one-third over the next 25 years, driven mostly by emerging economies, the International Energy Agency (IEA) said on Tuesday.
A further slowdown in mainland Chinese inflation compounded worries about the world's No. 2 economy Tuesday, adding to selling pressure in Asian markets and extending a global retreat as talk of a December U.S. interest rate hike increases.
The U.S. dollar edged down against most emerging market units Tuesday after the previous day's surge but ticked up against its major peers, maintaining its strength on growing expectations of a U.S. interest rate hike this year.
Oil prices edged up Tuesday after retreating the previous day but gains were tempered by long-running worries about a supply glut and a weak global economic outlook.
Tuesday, November 10, 2015
A slowdown in international trade could be a harbinger of a new recession for the world's leading economies, a leading global policy organization warned Monday.
Global stocks were weighed down Monday by weak Chinese trade and the prospect of a U.S. interest rate hike next month. But Japan and China bucked the trend to rise strongly.
The energy minister of the United Arab Emirates says low oil prices will have a "correction" in 2016, but he says it won't be just up to OPEC to increase prices.