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Saturday, July 18, 2015
The Chinese stock market is experiencing a terrifying freefall, and Greece is teetering on the brink of financial collapse.
World stock markets were uneven Friday as Europe's rally faded while most Asian indexes advanced, led by a jump in Chinese shares, after strong U.S. earnings.
The American dollar was firm against the yen and euro on Friday as fears about Greece's debt and a rout on Chinese stock markets eased, while investors bet on a near-term U.S. interest rate hike.
Oil prices edged up Friday but gains were tempered by ongoing concerns about a global supply glut and a pick-up in the strength of the American dollar.
Friday, July 17, 2015
Asian markets rose Thursday as Greek MPs voted in favor of an austerity-laden bailout package.
Asian markets rose Thursday as Greek MPs voted in favor of an austerity-laden bailout package.
Oil prices rebounded in Asia Thursday after a sharp decline the day before as traders tried to get a handle on the full implications of Iran's landmark nuclear deal with major powers.
The U.S. dollar rose against the yen and euro Thursday, buoyed by comments from Federal Reserve chief Janet Yellen that an interest rate hike was likely this year as the world's top economy strengthens.
Thursday, July 16, 2015
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.030 to close at NT$31.272 as traders here were encouraged by China's better-than-expected gross domestic product (GDP) growth in the second quarter, dealers said.
Asian markets mostly rose Wednesday after data showed China's economy grew more than expected in the second quarter, although Shanghai and Hong Kong sank on fears the news will likely put off any fresh growth-boosting measures.
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