Tuesday, March 10, 2015
Oil prices fell in Asia Monday, pressed by a stronger U.S. dollar and ongoing concern about swelling U.S. inventories that are adding to a global supply glut, analysts said.
Saturday, March 7, 2015
European stocks traded cautiously ahead of a U.S. jobs report Friday that could influence when the Federal Reserve raises interest rates this year. Asian markets were mostly higher after being buoyed by positive news about the global economy.
The dollar was steady ahead of a key U.S. jobs report later Friday, while the euro struggled after the European Central Bank (ECB) released details of an unprecedented monetary easing plan designed to lift the faltering eurozone economy.
Oil prices rose in Asia on Friday as dealers focused on increasing tensions in the Middle East and Ukraine, while shrugging off concerns about surging U.S. stockpiles, analysts said.
British energy giant BP said Friday it would invest US$12 billion in gas fields in Egypt together with Russian-owned partner DEA, calling it a “vote of confidence” in the country.
Friday, March 6, 2015
Hong Kong and Shanghai markets sank in Asian trade Thursday after China set tepid 2015 economic and trade growth targets, while the euro fell to 11-year lows ahead of a key European Central Bank (ECB) meeting.
Oil prices climbed in Asian trade Thursday as signs that a refineries strike in the United States is weakening overshadowed a rise in U.S. crude stocks, analysts said.
The euro hit a new 11-year low on the dollar Thursday as investors waited for the European Central Bank (ECB) to announce details of its bond-purchase program.
Thursday, March 5, 2015
European stocks gained while Asian markets faltered Wednesday as investors looked ahead to U.S. economic data and China's announcement of its annual growth target.
The dollar eased against the yen on Wednesday as investors await a key U.S. jobs report later this week.