Saturday, January 23, 2016
Oil prices surged past US$30 a barrel in Asia Friday after the European Central Bank (ECB) signaled further stimulus measures to help the struggling eurozone economy, but analysts expect oversupply woes to limit gains.
Falling oil prices are weighing on the outlook for inflation in the euro area this year, but the European Central Bank's (ECB) stimulus measures and the gradual economic recovery will drive inflation higher again next year, an ECB survey showed on Friday.
Friday, January 22, 2016
The IMF on Thursday opens formal nominations for the next term of managing director, with incumbent Christine Lagarde seen as the leading candidate despite possibly facing a trial in France.
Stocks, oil and emerging currencies all went into reverse Thursday as an early rally gave way to fear again, extending a rout that has sent global markets into a tailspin since the start of the year.
High-yielding emerging currencies rallied against the U.S. dollar on Thursday as sentiment improved following broad advances across regional stock markets and a jump in oil prices.
Oil rose in Asia Thursday, giving a much-needed breather to the battered crude market, but traders remain on edge as the supply glut and weak demand that has sent prices to more than 12-year lows shows no sign of letting up.
Thursday, January 21, 2016
Energy stocks are leading another sell-off on Wall Street as the price of oil continues to plunge.
Global stocks sagged Wednesday after the IMF's lower growth forecast added to anxiety over a weaker Chinese economy.
Global unemployment rose in 2015 and is expected to worsen further over the next two years, the International Labour Organization said Tuesday, citing downturns in key emerging economies.
The U.S. dollar advanced against emerging currencies Wednesday in Asia as risk sentiment took a hit on the latest rout in regional stock markets.