Wednesday, April 9, 2014
Oil prices gained modestly Tuesday in Asia as traders awaited weekly U.S. data on crude oil and distillates stockpiles.
Tuesday, April 8, 2014
As a brutal winter yields to spring, the U.S. economy is showing renewed strength just as other major economies appear desperate for help.
sell-off of Internet and technology stocks that started on Wall Street spread around the globe on Monday, with tech companies in Asia hammered by worries about excessively high valuations.
Oil prices fell Monday after reports that a Libyan militia agreed to reopen some oil terminals, possibly boosting global supplies.
Kuwaiti Oil Minister Ali al-Omair said Monday that current oil prices are “fair” despite strong geopolitical factors impacting the region.
The dollar faced downward pressure in Asia on Monday as investors bet the Federal Reserve will not speed up the pace of tapering of its stimulus program after last week's U.S. jobs report matched forecasts.
Saturday, April 5, 2014
Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.
European stocks made modest gains Friday and Asian markets meandered as investors looked to the upcoming U.S. job report for a fresh trading cue.
The euro extended its losses in Asia on Friday after the head of the European Central Bank (ECB) signaled he was ready to aggressively loosen monetary policy as the eurozone faces the threat of deflation.
Oil prices climbed Friday ahead of a monthly U.S. jobs report that is expected to show a pickup in hiring.