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August, 26, 2016

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Business > Global Markets
The American dollar rose against most Asia-Pacific currencies Thursday but gains were capped as traders waited for clearer signals on the timing of a possible U.S. interest rate hike.
 
Oil prices fell for a third day in Asia trade Thursday after figures showing high U.S. crude stockpiles and increased Saudi production.
 
The American dollar sank Wednesday in Asia as disappointing U.S. data poured cold water on the chances of a U.S. interest rate hike this year.
 
Stocks markets across Europe and Asia mostly dropped Wednesday in response to surprisingly weak French economic data and a falling dollar, traders said.
 
Stocks markets across Europe and Asia mostly dropped Wednesday in response to surprisingly weak French economic data and a falling dollar, traders said.
 
Oil prices extended losses on Wednesday after industry data showed a rise in U.S. crude stockpiles, supporting oversupply concerns.
 
Oil prices retreated in Asia trade after rebounding overnight on news that OPEC is planning informal talks next month -- a sign it could intervene to strengthen prices.
 
European and Asian stock markets mostly rose Tuesday, with positive economic data offsetting a pause to Wall Street's record-breaking run.
 
Europe stocks higher in global rally
European equities mainly rose Monday as bright U.S. jobs data mostly eclipsed the impact of poor Chinese trade numbers, dealers said.
 
Oil edged higher to near US$42 a barrel in Asia Monday but analysts said the increase was unlikely to last as the commodity remains under pressure by a supply glut and a strong dollar.
 
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