Gold edged higher on Tuesday to the highest level in more than five months as lacklustre manufacturing data from around the globe fanned speculation of imminent easing measures from central banks.
Gold hovered near a five-month peak on Monday, supported by hopes for more stimulus measures after U.S. Federal Reserve Chairman Ben Bernanke gave a grave assessment of the economy last week.
Crude oil prices declined in Asia Monday as sentiment was dampened after reports indicated a sharp slowdown in the Chinese manufacturing activity in August.
Most of the Asian markets rose Monday as investors remained hopeful that the world's central banks would announce stimulus measures soon to help boost the global economic growth.
Asian markets fell in the week as investor confidence was dragged down by the increasing concerns about the global growth slowdown amid the weak economic reports from Japan and South Korea.
As Great Britain struggles to escape its years-long recession, should the wealthy pay more taxes? The Deputy Prime Minister has spoken up to put the controversial issue on the table.
It seemed everyone was claiming their crystal ball has been right in anticipation of a much-hyped speech by the world's most powerful central banker, who managed to turn the attention of traders around the world to his podium in bucolic Jackson Hole, Wyo. Friday. They were all right and, as usually happens in such cases, they were also all wrong.
Two years after Federal Reserve Chairman Ben Bernanke announced plans for a massive second round of monetary stimulus -- so called QE2 -- at a yearly Fed summit in Jackson Hole, Wyo., the world's most powerful central banker returns, with markets primed for him to deliver on even more stimulus.
Asian stock markets declined Friday as weak economic reports from Japan and South Korea revived concerns over the global economic growth while investors opted for caution ahead of the long-awaited speech by Federal Reserve Chairman Ben Bernanke at the Jackson Hole symposium later in the day.
U.S. stock index futures point to a higher open Friday ahead of Federal Reserve Chairman Ben Bernanke's speech at the Jackson Hole symposium where he is expected to announce another round of monetary easing.
Asian shares fell Friday as investors cooled expectations that U.S. Federal Reserve Chairman Ben Bernanke will offer any signal of a further monetary stimulus when he speaks at an annual meeting of central bankers later in the day.
Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
Asian stock markets declined Thursday as the disappointing Japan retail sales data and the fading hopes for fresh measure by the Fed Reserve weighed on the sentiment.
The U.S. stock index futures point to a lower open Thursday as investors continue to have concerns about the weakening global economy and worsening economic growth momentum.
Asian shares eased and major currencies stayed range-bound Thursday as investors avoided betting on direction before a speech by U.S. Federal Reserve Chairman Ben Bernanke, with focus on whether there will be any hint about further U.S. stimulus.
The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs and drive down the unemployment. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations of additional monetary stimulus from the Federal Reserve intact.
The U.S. stock index futures point to a slightly lower open Wednesday as investors remained cautious waiting for Federal Reserve Chairman Ben Bernanke to announce monetary easing measures at the Jackson Hole symposium later this wee
Asian stock markets ended mixed Wednesday as investors remained in a waiting mode ahead of Federal Reserve Chairman Ben Bernanke’s speech at the Jackson Hole symposium.
Asian markets were mixed Wednesday as investors remained watchful waiting for policymakers around the world to announce stimulus measures to boost the faltering global economy.
Will Federal Reserve Chairman Ben Bernanke launch QE3 from the Federal Reserve Bank of Kansas City's annual Jackson Hole symposium, which will take place from Aug. 30 to Sept. 1? Economists doubt it.
Seven key events in the next fortnight that will determine whether the now-four-year-old euro zone crisis results in Greece and perhaps also Spain leaving and even whether the monetary union will survive. Here is a list of the seven critical dates with their corresponding events.
