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Saturday, March 14, 2015
A recent rebound in oil prices is built on flimsy foundations, the International Energy Agency (IEA) warned Friday, with few signs yet that cheap fuel is helping boost the global economy.
Global stock markets mostly rose Friday after weak U.S. retail sales alleviated jitters about the Federal Reserve's timetable for raising interest rates.
Meetings of the U.S. Federal Reserve and Bank of Japan (BOJ) will be key trading cues for Tokyo investors next week after the Nikkei broke the 19,000 level on Friday for the first time in 15 years.
The dollar struggled to extend its recent rally on Friday after weaker-than-expected U.S. data tempered expectations for an early interest rate hike, while investors look ahead to next week's U.S. Federal Reserve policy meeting.
Oil prices climbed in Asia Friday as news of a deal to end a strike at U.S. refineries helped reverse losses that had been fuelled by another leap in U.S. inventories.
Friday, March 13, 2015
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.004 to close at NT$31.670 as traders here took hints from heavy losses suffered by the South Korean won to cut their holdings in the local currency, dealers said.
IMF Managing Director Christine Lagarde said Wednesday that major advanced economies were seeing “better news” thanks to cheap oil, currency shifts and low interest rates that encourage investment.
Global shares regained a firmer footing Thursday after several days of volatile trading linked to anxiety over a probable rate hike in the U.S.
The euro resumed its slump Thursday, sitting around 12-year lows against the dollar, as the European Central Bank's new stimulus and the likelihood of a U.S. rate hike push the embattled unit closer to parity with the greenback.
Oil prices inched higher in Asia Thursday but gains were capped as dealers fretted over an over-supplied global market after U.S. crude reserves once again swelled to a record high.
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