U.S. crude futures edged higher Thursday after slipping 2.3 percent a day earlier on a larger-than-expected build in U.S. crude inventories.
Gold struck its third straight peak in as many days on Thursday because of its investor appeal as a safe asset while Asian stocks advanced as the appetite for risky assets remained strong despite Wall Street's dip.
Mitsubishi Motors Corp and Peugeot-Citroen are in talks for a capital tie-up that would give Europe's second biggest carmaker a 30 percent to 50 percent stake in the Japanese automaker, the Nikkei business daily said.
Markets stabilized further in the Tuesday session with the dollar sliding against the majors, while global equity bourses rallied and spot gold surged to a new record high above the $1,200 per ounce level. Tokyo's Nikkei index climbed by over 2.4% on Tuesday while Germany's DAX index rallied by nearly 2.7% and the Dow Jones improved by more than 1.5% by afternoon trading. Philadelphia Fed President Plosser delivered an optimistic assessment on the economy earlier, expressing his confidence that...
The yen tumbled on Tuesday after the Bank of Japan called an emergency policy review to discuss ways to boost the ailing economy, but it regained some ground after the meeting when the central bank did not go as far as some investors had expected.
Asia stocks slumped on Friday as shockwaves from Dubai's debt crisis hit the region, shaking banking shares and boosting the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.
Asian stocks slumped on Friday as the Dubai-debt shockwaves hit the region, shaking banking shares and pushing the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.
The dollar slumped to a 14-year low against the yen on Thursday, helping gold scale another record high, while Asian stocks faltered as investors digested a mixed batch of economic data.
The dollar was broadly higher on Tuesday as investors sold currencies associated with risk on concerns about the banking system while looking ahead to data on the outlook for economic growth.
The dollar rose on Friday, extending the previous day's gains as investors retreated from riskier assets, taking the shine off higher-yielding currencies such as the Australian dollar.
Asian shares slipped on Friday, but recovered some early losses, while the dollar was steady after U.S. data raised fears that a global economic recovery could lose momentum.
The Japanese yen rises broadly in Asia today on risk aversion as Japanese Nikkei led Asian stocks lower in general. Nikkei dropped another -1.32% today to close at 9549 and is now farther away from previously mentioned head and shoulder top neckline.
U.S. stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.61 percent, Dow Jones futures down 0.51 percent and Nasdaq 100 futures down 0.44 percent at 1030 GMT (5:30 a.m. EST).
Asian stocks eased on doubts about the pace of economic recovery, while the Indonesian rupiah and the Indian rupee fell on concerns over official steps to curb capital flows after Brazil's latest move to limit the rise of its currency.
Doubts about the pace of economic recovery hit Asian markets on Thursday, with Japanese stocks falling to a four-month low and the Australian dollar down for a third day as a December interest rate hike no longer looked like a sure thing.
U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.27 percent, Dow Jones futures down 0.18 percent and Nasdaq 100 futures down 0.25 percent.
Asian stocks rose to more than 15-month highs on Tuesday after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time, keeping the dollar pinned near 15-month lows and gold close to record highs.
The likely $15.5 billion share issuance by Mitsubishi UFJ Financial Group and Hitachi Ltd is the latest blow to Japan's long-suffering investors, but it won't be the last.
Japan's government inched toward agreeing new stimulus measures that could be worth $30 billion on Monday as economic growth is likely to slow next year due to sluggish personal spending and rising inventories.
Hitachi Ltd , Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.
Hitachi Ltd, Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.
Mitsubishi UFJ Financial Group, Japan's largest bank, will issue about $11 billion in new shares to meet stricter capital requirements and boost lending in Asia, three sources familiar with the matter said.
