Friday, September 19, 2014
World stocks were mostly higher Thursday as Scotland voted in an independence referendum that could shake the UK economy and markets. Sentiment was underpinned by the U.S. Federal Reserve's signal it is not rushing to raise interest rates.
The dollar rose against most currencies in Asia Thursday after the U.S. Federal Reserve hinted interest rates could rise more than initially thought next year, while the pound dipped as Scotland goes to the polls in its independence referendum.
Crude prices fell in Asia Thursday following an unexpected surge in U.S. stockpiles and reports that the OPEC oil cartel is unlikely to slash production when it meets in November.
Thursday, September 18, 2014
Americans, Japanese and many Europeans aren't sold on the benefits of trade. They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows.
World stock markets were mostly higher Wednesday, buoyed by hopes that the Federal Reserve will not speed up plans to raise interest rates. A rally on Wall Street increased buying incentives, as well as a feeling that the Fed would fail to announce a significant policy shift.
The dollar held steady in Asia on Wednesday as investors await the outcome of a U.S. Federal Reserve meeting later in the day.
Oil prices fell in Asia Wednesday as dealers squared positions following sharp gains in the previous session that were stoked by indications the OPEC cartel will cut its production target next year.
Wednesday, September 17, 2014
The Organisation for Economic Cooperation and Development (OECD) on Tuesday put forward new proposals it said would “change the rules of the game” for companies which avoid paying huge amounts of tax by exploiting international loopholes.
Global stock markets were mostly lower Tuesday as jittery investors played it safe ahead of a potentially pivotal U.S. Federal Reserve meeting and the referendum on Scotland's independence on Thursday.
The dollar picked up in Asia on Tuesday ahead of a U.S. central bank policy meeting, with investors looking for signs of an earlier-than-expected interest rate hike.