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Saturday, October 24, 2015
Oil prices rose Friday on bargain-buying but analysts warned of fresh selling pressure as the United States prepared to release key manufacturing data later in the day.
Friday, October 23, 2015
European stocks were steady Thursday after the European Central Bank kept interest rates on hold and investors awaited to hear whether the bank is ready to inject another dose of stimulus into the ailing eurozone economy.
Commodity-linked currencies rose against the U.S. dollar Thursday as oil prices recovered while sentiment got a boost from a positive open on volatile mainland Chinese stock markets.
Thursday, October 22, 2015
Oil prices dipped in Asia on Wednesday as traders anticipated an increase in U.S. crude inventories when weekly data from the Energy Information Agency is released later in the day.
Wednesday, October 21, 2015
Turbulence in global markets hit Morgan Stanley's business particularly hard in the third quarter, sending the bank's earnings down 42 percent, well short of analysts' estimates.
The U.S. dollar rose against emerging currencies Tuesday on renewed fears of a global economic slowdown and following comments from a top U.S. Federal Reserve official suggesting a U.S. interest rate rise could still come this year.
Oil prices rebounded in Asia Tuesday on bargain hunting ahead of a report on U.S. crude inventories, but the market remained weighed down by the slowing mainland Chinese economy and a global oversupply.
Tuesday, October 20, 2015
Worldwide semiconductor capital spending is projected to decline 1 percent in 2015, to US$63.9 billion, according to Gartner, Inc. This is a down from the 2.5-percent growth predicted in Gartner's previous quarter's forecast.
The U.S. dollar weakened against emerging currencies Monday as growth in mainland China's economy in the third quarter slowed to the weakest pace since the global financial crisis but still beat analysts' expectations.
Monday, October 19, 2015
A rare public split over monetary policy has thrown into question the U.S. Federal Reserve's plans to raise interest rates soon and left economic leaders and markets worldwide on edge.
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