Search Results for: Asian
Asia Stocks Higher, Australia Bucks Negative Growth Report
December 7th, 2016
Asian shares were broadly higher Wednesday, catching a lift from gains in the U.S., as a weak Japanese yen helped exporters’ stocks on the Nikkei Stock Average. The Nikkei was recently up 0.6% in morning trade. S&P/ASX 200 was ...
China tops world fintech rankings
December 6th, 2016
China has outpaced London, New York and Silicon Valley to become the world’s undisputed global fintech leader, according to a report by DBS and Ernst & Young. Neal Cross, DBS chief innovation officer, says favorable government policies and regulations ...
Oil price heads to $55 despite expected output rise
December 6th, 2016
Russia and Saudi Arabia predicted to increase exports before agreed cuts start in January The oil price is powering on, adding to a 14 per cent advance since the middle of last week following the landmark deal from Opec ...
Euro steadies after short-covering rally, eyes on ECB and Italy
December 6th, 2016
The euro steadied on Tuesday, having bounced from a near 21-month low set the previous day after Italian Prime Minister Matteo Renzi’s loss in a referendum over constitutional reform, an outcome that traders had widely expected. Renzi announced on ...
Bitcoin Prices Surge Past $770 But Fall Just Short of 2016 High
December 5th, 2016
Bitcoin prices neared $780 during the week through 2nd December, coming within 1% of the 2016 high of $781.31 reached in June. The digital currency rose to a high of $778.14 amid sustained support. Prices remained above $700 all ...
Credit cycles and gold
December 3rd, 2016
The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold. This is because President-elect Trump has stated he will implement infrastructure ...
Oil price rally likely short-lived as OPEC deal not enough to reduce glut
December 2nd, 2016
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United ...
Asia Stocks Rise Most in Three Weeks as Oil Hits $50, Bonds Drop
December 1st, 2016
U.S. oil climbs above $50, building on 9.3% gain on Wednesday Private jobs data adds to U.S. rate outlook before payrolls Asian equities rallied the most in three weeks as a deal to cut global oil output lifted energy ...
The dollar climbed 0.4 percent to 112.78 yen
November 30th, 2016
Output pact under threat as day of Vienna meeting dawns Greenback climbs with Treasuries premium at nine-year high Oil held below $46 a barrel ahead of a make-or-break OPEC meeting on stabilizing the crude market, while the dollar headed ...
Asia stocks trim gains as liquidity fears jolt China markets
November 30th, 2016
Asian stocks tried to stabilize after a rocky November month drew to a close, but Wednesday’s session brought new anxieties as Chinese equities and commodities tanked amid worries that Beijing’s efforts to support its currency could squeeze liquidity. Analysts ...
