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May, 3, 2016

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Business > Global Markets
The American dollar extended a recent recovery Monday and Japanese stocks climbed as a better-than-expected jump in U.S. growth raised the prospect of another U.S. Federal Reserve rate hike, but Asia's other markets succumbed to afternoon selling.
 
The American dollar climbed against the yen and euro in Asia as an upward revision of U.S. economic growth increased the chances of another Federal Reserve interest rate hike.
 
Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said traders would likely delay any big moves until next month's meeting of key producers.
 
Investment in renewable energy hit a record US$286 billion (256 billion euros) in 2015, more than half of which came from developing countries for the first time, according to a U.N. report released Thursday.
 
The U.S. dollar rose against the yen and euro Friday in Asia, boosted by growing speculation the Federal Reserve will lift interest rates again soon after a pick-up across world markets over the past month.
 
European stock markets slid on Thursday following losses across Asia and on Wall Street caused by a fresh slump in oil prices, analysts said.
 
The U.S. dollar strengthened against its major peers on Thursday as fresh signs emerged that the U.S. Federal Reserve could raise key interest rates as early as next month.
 
Oil prices struck a muted tone Thursday, with the U.S. benchmark sliding further after a jump in stocks last week added to concerns of a lasting world supply glut.
 
Oil prices eased Wednesday as traders reacted calmly to the Brussels attacks and kept their eye on global oversupply ahead of a crucial producers' meeting in Qatar next month.
 
The safe haven yen rose in Asia against the American dollar and the euro on Wednesday, after deadly bombings in Brussels claimed by the Islamic State group left around 35 people dead.
 
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