Tuesday, November 19, 2013
The dollar's surge ran out of steam in Asian afternoon trade Monday, despite a regional equities rally and following tepid U.S. economic data.
Oil prices were subdued Monday ahead of the resumption of negotiations in Geneva to curb Iran's nuclear program.
Saturday, November 16, 2013
The mood in financial markets remained optimistic Friday, a day after the main U.S. indexes struck all-time highs following a signal from the incoming Federal Reserve chief that the current massive stimulus will continue for some time yet.
The dollar hit a two-month high against the yen in Asia Friday on data showing a sharp fall in Japan's economic growth and after Federal Reserve nominee Janet Yellen indicated she would keep the bank's stimulus in place.
The price of oil rose toward US$94 a barrel Friday after incoming Federal Reserve chief Janet Yellen indicated that economic stimulus will remain in place pending further improvement in the U.S. economy.
Friday, November 15, 2013
Janet Yellen, President Barack Obama's nominee to lead the Federal Reserve, thinks the U.S. central bank has “more work to do” to help an economy and a labor market that are still underperforming.
World stocks rose Thursday after comments by the incoming Federal Reserve chief suggested the U.S. central bank won't reduce its economic stimulus until March or later. Gains in Europe, however, were capped by evidence the recovery there nearly ground to a halt.
The dollar rebounded in Asia Thursday after suffering a sell-off in New York on remarks from Federal Reserve chief nominee Janet Yellen that indicated the bank will keep its stimulus program in place for the time being.
Oil prices were mixed Thursday ahead of the release of data on U.S. crude stocks. Investors are also watching for testimony by incoming Federal Reserve chief Janet Yellen for clues about when the U.S. will cut back, or taper, its US$85 billion monthly bond purchases that have kept interest rates low to support economic recovery.
Thursday, November 14, 2013
Bill Clinton weighed in on the crisis over the troubled new U.S. health care law Tuesday, handing President Barack Obama a new political headache.