Thursday, September 20, 2018
LONDON - The dollar held near a one-month low against a basket of its rivals on Tuesday as a U.S.-Mexico trade deal aimed at overhauling the North American Free Trade Agreement boosted appetite for riskier assets. However, market moves were largely limited as some sort of a deal was expected...
SINGAPORE - Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said. International Brent crude oil futures LCOc1 were at $75.63 per barrel at 0654 GMT, down 19 cents...
SYDNEY - Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows. Spreadbetters pointed to a mildly positive start for European shares with FTSE futures up 0.1 percent. Eurostoxx 50 futures opened 0.3 percent higher. MSCI’s...
TOKYO/MOSCOW - Oil prices edged up on Friday but were heading for yet another weekly decline amid increasing concern over trade disputes and slowing global economic growth that could hit demand for petroleum products. Brent crude oil futures LCOc1 were up 30 cents at $71.73 a barrel by 0910 GMT. U.S. West...
SINGAPORE/BEIJING - Chinese oil importers are shying away from buying U.S. crude as they fear Beijing’s decision to exclude the commodity from its tariff list in a trade dispute between the world’s biggest economies may only be temporary. Not a single tanker has loaded crude oil from the United States...
LONDON - A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and U.S. government bonds. The lira fell as much as 12 percent against the dollar earlier...
JOHANNESBURG - South Africa’s rand slipped to six-week lows early on Friday and government bonds weakened sharply, as slides in the Russian rouble and Turkish lira combined with escalating global trade tensions to knock sentiment towards emerging market assets. At 0637 GMT, the rand traded at 13.8125 per dollar, 0.86 percent weaker...
TOKYO - Oil prices on Thursday eked out gains on concerns about Iranian crude supplies as the U.S. hit Tehran with renewed sanctions, halting the previous session’s declines amid the escalating China-U.S. trade dispute and worries over China’s demand. Brent crude futures were up 30 cents, or 0.4 percent, at $72.58 barrel...
FRANKFURT - Private consumption in the euro zone has further room to grow, likely driving economic expansion even as external headwinds multiply, the European Central Bank said in an economic bulletin on Wednesday. Euro zone growth has slowed sharply over the past two quarters, raising fears that the bloc’s remarkable expansion,...
TOKYO - A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict. Spreadbetters expected European stocks to open slightly higher, with Britain’s FTSE rising 0.1 percent,...