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August, 28, 2016

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Business > Global Markets
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.
 
The dollar rose against the yen and most emerging market currencies on Monday after news that the U.S. economy added more jobs than expected last month.
 
The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.140 to close at NT$31.570 on the back of further foreign fund inflows after the Bank of England (BOE) pumped more liquidity into the market, dealers said.
 
Figures from the Labor Department showed that U.S. employers added 255,000 jobs last month, around 75,000 more than anticipated in financial markets.
 
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