Search Results for: Federal Reserve
Saudi stock index up, shuns oil prices
September 10th, 2015
Saudi Arabia’s stock benchmark Tadawul All Share Index jumped 2.3 percent to 7,749 points and most stocks in Riyadh were positive. National Commercial Bank, the kingdom’s top lender, was one of the main supports, jumping 3.2 percent. Another large ...
Oil prices fall on global glut fears, slowing U.S. jobs growth
September 7th, 2015
Oil prices fell on Monday as oversupply concerns, a firmer dollar and lackluster U.S. non-farm payrolls data weighed on global markets, but a rebound in Chinese stocks after a two-day holiday helped prop up prices. The long Labor Day ...
Oil prices dip on caution ahead of U.S. jobs data
September 4th, 2015
Oil prices eased on Friday as investors turned cautious ahead of U.S. jobs data that is expected to play into the Federal Reserve’s decision on the timing of any U.S. rate hike. Oil stuck to a narrow range and ...
Gold forecast to drop to $800 an ounce in 2016
September 3rd, 2015
As investors are turning cold towards gold, prices are headed for significant declines, according to a bank The overall sentiment towards the yellow metal will turn increasingly bearish next year and the prices are likely to hit below $1,000 ...
Asian Shares Rise, China Markets Closed for Holiday
September 3rd, 2015
U.S. markets regained some footing overnight Asian markets were mostly higher on Thursday, led by a strong performance in Japanese stocks after U.S. markets restored some stability to a region rocked by volatility. Japan’s Nikkei was 1.5% higher at around midday, ...
Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing
September 2nd, 2015
The struggle for inflation is real and strategic After the European Central Bank decided to initiate an asset purchasing program, President Mario Draghi reportedly elected to unwind with a game of chess on his iPad during the plane ride back to ...
China’s market-oriented reforms help promote global growth: Chinese official
September 1st, 2015
China’s recent market-oriented economic reforms, including devaluing its currency and cutting interest rates, help to keep the domestic economy growing and by extension, the global economy, a top Chinese envoy said. Wang Liang, the charge d’affaires at the Chinese ...
Statement by Glenn Stevens, Governor of RBA: Monetary Policy Decision
September 1st, 2015
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, ...
Shanghai Composite widens losses as US futures tank
August 31st, 2015
Mainland equities lost as much as 3.7 percent on Monday while Dow futures tanked more than 200 points on reports that Beijing may finally halt its controversial market intervention. A report by The Financial Times over the weekend said that Beijing will abandon large-scale share ...
Asian Markets Ride Tide of Strong U.S. Growth
August 28th, 2015
Shares in China, Japan continue streak of gains Asian markets rose Friday as renewed optimism about the U.S. economy and China’s recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its ...
