Wednesday, August 6, 2014
European stock markets were higher Tuesday, continuing to recoup losses after last week's sell-off. Asian stock markets mostly retreated after China's services industries weakened in July.
The euro stayed weak against the dollar in Asia on Tuesday as investors awaited eurozone data and a monthly policy meeting of the European Central Bank (ECB).
The Malaysian equities market recorded a whopping 13 billion ringgit (US$4.07 billion) in net outflows of foreign portfolio funds over a 15-month period, and industry experts remain divided as to whether this negative trend will continue.
Oil prices rose in Asia Tuesday on fresh fears of supply disruptions in the Middle East, analysts said. U.S. benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to US$98.39, while Brent crude for September gained 15 cents to US$105.56 in afternoon trade.
Tuesday, August 5, 2014
Due to a series of explosions that tore apart Kaohsiung City last Thursday, stock prices of LCY Chemical Corp. (李長榮化工), the company that has received much of the blame for the accident, plummeted for two continuous days and lost NT$2.8 billion in value on the stock market.
Investors who are channeling funds into emerging markets at record highs should note that growth in these economies is expected to slow down.
World stock markets were mostly higher Monday after a sixth month of healthy employment growth in the U.S., but gains were tempered by jitters over Argentina's debt default and a Portuguese bank bailout.
The euro slipped against the dollar in Asia on Monday following news of a bailout for a crisis-hit Portuguese bank, while the dollar held steady after falling on U.S. jobs data.
Oil prices rose in Asia Monday, but analysts said gains were capped following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world.
Saturday, August 2, 2014
The World Trade Organization (WTO) on Thursday said its 160 members had failed to agree a landmark global customs pact in a move the U.S. said left the body on “uncertain new ground.”1 Comment