Friday, August 28, 2015
Oil rose in Asia Thursday as dealers digested a mixed U.S. energy report showing a dip in crude inventories, but barely any decline in production despite sinking prices.
Thursday, August 27, 2015
Oil prices turned higher Wednesday but remained near six-year lows ahead of the latest U.S. energy report after jitters over mainland China's faltering economy spurred heavy losses this week, analysts said.
The U.S. dollar rose against the yen and euro on Wednesday as mainland Chinese authorities moved to shore up the world's No. 2 economy and reverse a global stock market bloodbath.
Wednesday, August 26, 2015
U.S. stocks surged in early trading Tuesday after mainland China's central bank cut its key interest rate in a bid to boost growth in the world's second-largest economy.
Prices of crude oil and most other commodities rebounded in Asia Tuesday but stayed under pressure following a global sell-off sparked by the faltering economy in mainland China, the world's top user of industrial metals and energy.
Tuesday, August 25, 2015
U.S. stock markets sank in morning trading Monday in a wave of fear that circled the globe after a historic plunge in mainland Chinese stocks.
Currency traders dumped the U.S. dollar Monday on the back of a global equities rout, as fears about mainland China and the global economy hammered sentiment and sent investors fleeing into safer investments.
Oil futures led a dramatic fall in commodity prices on Monday, with U.S. crude trading below US$40 a barrel as fears over mainland China's economy sent investors fleeing to safe havens like gold.
The latest manufacturing data from mainland China and the United States should be a cause for concern, especially for countries where trade remains a vital support for the economy.
Monday, August 24, 2015
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following mainland China's devaluation of the yuan and the American dollar's strength in anticipation of U.S. rate hikes.