The U.S. dollar pushed higher in Asia on Monday as investors increased their bets on a U.S. interest rate hike by the end of the year, but stock traders were more reticent ahead of the corporate earnings season.
The collapse of free trade talks between Canada and the European Union Friday is yet another sign of increasingly stiff resistance to economic globalization.
Canada walked out of talks Friday meant to save a massive trade deal with the European Union, unable to break a deadlock with a small Belgian region that has been defying multinational efforts to have the pact signed next week.
Europe's main stock markets hit the pause button Friday as investors mulled an uninspiring European Central Bank decision, but London smoked out gains from a vast tobacco takeover.
Stock markets in Europe were mixed on Thursday after the European Central Bank signaled no changes to its bond-buying stimulus program set to expire in just over five months.
The terror threat in Europe, a strong dollar and uncertainty over the U.S. presidential elections have eroded the confidence of the globe's big-spenders, holding luxury purchases flat in 2016, according to a study released Thursday.
A global stocks rally stuttered Wednesday as dealers mulled Chinese growth numbers, ahead of the final U.S. presidential debate and on the eve of a eurozone interest rate decision.
World stocks forged higher Tuesday on uncertainty over the future path for U.S. interest rate hikes, while London shrugged off news of surging inflation.
Most Asian markets fell Monday following healthy gains at the end of last week, with investors betting the Federal Reserve will hike interest rates before the end of the year.
Iran's deputy oil minister had said that a preliminary agreement by Organization of Petroleum Exporting Countries (OPE) member nations to limit oil output to between 32.5 million and 33 million barrels per day is a "small step, but in the right direction."