Saturday, November 9, 2013
Oil was little changed near US$94 a barrel Friday despite a pickup in China's trade as investors awaited a U.S. jobs report.
Friday, November 8, 2013
A cautious mood prevailed in stock markets Thursday ahead of an interest rate decision by the European Central Bank and key U.S. data that will provide clues on when the Federal Reserve will cut its stimulus.
The euro nudged up against the dollar in Asia Thursday, ahead of a European Central Bank meeting, with traders looking to see if policymakers cut rates in response to weak inflation data.
The price of oil crawled above US$95 a barrel Thursday, adding to gains from the previous session on data showing a strong increase in U.S. demand for gasoline.
Thursday, November 7, 2013
World stock markets were mixed Wednesday, with benchmarks in Asia flitting between gains and losses after an improvement in U.S. service industries reinforced expectations the Federal Reserve will reduce monetary stimulus. European markets gained.
The euro rebounded in Asia trade on Wednesday on hopes for fresh European Central Bank easing policies after officials downgraded their eurozone growth forecasts for next year.
Oil hovered below US$94 a barrel Wednesday ahead of a report expected to show another increase in U.S. crude stockpiles.
Wednesday, November 6, 2013
Financial markets were leaden-footed Tuesday in the run-up to key economic events in Europe, the U.S. and China this week.
The euro slipped in Asia Tuesday ahead of a European Central Bank (ECB) meeting later in the week, with a sharp dip in eurozone inflation fueling speculation of an interest rate cut.
Oil flat-lined for a second day Tuesday as traders waited for a new cue after a month of falling prices.