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Posts tagged "brent"

Asian markets open week into positive zone

HONG GONG: Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, sparked by concerns at the impact of rising inflation that could…

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February 26, 2018


Stock markets in Asia open in positive zone

HONG KONG: Asian markets mostly rose on Monday as buyers cautiously returned after last week’s global rout, with confidence boosted by a rally on Wall Street but analysts warning of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this…

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February 12, 2018


Oil rises on tighter fundamentals, but China warning holds back market

SINGAPORE: Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets, reported Reuters. Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.39 at 0420 GMT, up 16 cents, or 0.28 percent from their…

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October 20, 2017


Asian markets, euro build on gains as eyes move to Trump

HONG KONG: Asian markets extended gains Tuesday while the euro held up following Emmanuel Macron’s first round presidential election win in France, with investors now looking forward to Donald Trump’s promised tax reforms. Global markets soared Monday after Macron topped the initial polls and looked well on course to beat hit run-off rival, far-right candidate…

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April 25, 2017


Asian markets chase record Wall St close on hopes for US stimulus

Global markets have taken a hit this month owing to concerns about US-Russia relations, tensions on the Korean peninsula and the president’s failure to push through a key healthcare bill. But the risk-off mood was smothered after Treasury Secretary Steven Mnuchin said the tax code overhaul promised by Trump was close. The reforms, along with…

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April 21, 2017


Most Asia markets up but dollar hit by uncertainty

HONG KONG: Most Asian markets rose Tuesday following the previous day’s retreat, but the dollar was hit by fresh uncertainty over Donald Trump’s economic policy and contradictory views on future rate hikes by two top Federal Reserve officials. Global stocks started the week with a wobble after G20 finance chiefs failed to renew a longstanding…

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March 21, 2017


Asia markets mostly down after rally, dollar weakens

HONG KONG: Most Asian markets slipped Monday following last week’s broad advances, with the dollar suffering fresh selling pressure after the Federal Reserve hinted at a slower-than-expected pace interest rate hikes this year. With few events to drive buying, investors took a step back following a recent rally across global trading floors while there is…

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March 20, 2017


Asian markets starts week with fresh losses

HONG KONG: Asian markets kicked the week off with broad losses Monday, with Tokyo hit by a stronger yen, as the global Trump rally shows signs of fragility ahead of a key speech by the new president to Congress. A record 11th successive all-time high close for New York’s Dow was not enough to inspire…

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February 27, 2017


Tokyo stocks jump by break after Trump tax cut promise

TOKYO: Japanese stocks rose sharply Friday morning, tracking record closes on Wall Street after US President Donald Trump promised details soon about a “phenomenal” tax-cut plan aimed at boosting the world’s top economy. US and European equities rallied with the dollar Thursday after Trump said at a meeting with airline executives that he would unveil…

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February 10, 2017


Asia markets begin week with gains after Wall St rally

HONG KONG: Asian markets rose Monday as investors tracked a record on Wall Street fuelled by a better-than-expected jump in US jobs, while financials were boosted by Donald Trump’s review of trading regulations. However, the dollar’s struggles extended as the employment report also showed tepid wage growth, which chimed with the Federal Reserve’s plans to…

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February 6, 2017


Asian markets rise with commodities but crude toils

HONG KONG: Asian markets rose Wednesday with commodities-linked firms boosted by China’s strong inflation reading but oil prices struggled after two days of sharp losses fuelled by worries over OPEC’s plans to cut output. But despite gains across the region, investors are on edge as they await Donald Trump’s first press conference since his US…

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January 11, 2017


Oil soars as non-OPEC producers agree on caps

SINGAPORE: Oil soared Monday following a landmark deal by Russia and other non-OPEC producers to join the cartel in capping output, in a bid to end a stubborn global glut that has hammered prices. In a bid to reverse a dramatic fall in income, Russia and 10 other non-OPEC states on Saturday said they will…

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December 12, 2016


Asian stocks rebound after Italy vote losses

HONG KONG: Most Asian stocks rallied while the euro held up and high-yielding currencies rebounded Tuesday as investors rediscovered their appetite for risk after the previous day’s losses fuelled by Italian uncertainty. Regional markets were jolted and the euro tumbled to a 20-month low Monday after Prime Minister Matteo Renzi said he would resign after…

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December 6, 2016


Oil prices surge as OPEC, Russia agree output cut

SINGAPORE: Oil prices shot up more than 12 percent, smashing trading volume records, after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede as other producers stand by to fill the gap. The Organization of the Petroleum Exporting Countries (OPEC)agreed on…

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December 1, 2016


Oil prices fall further in Asia, yen gains hit Tokyo

HONG KONG: Oil prices sank further in Asian trade Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge. Both main crude contracts slumped around four percent on Friday owing to disagreements over how to…

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November 28, 2016


Oil prices down on doubts over OPEC deal

SINGAPORE: Oil prices fell in Asia Friday as doubts emerged over the long-term success of a surprise OPEC agreement to cut output and stabilise the oversupplied market. The Organization of the Petroleum Exporting Countries on Wednesday stunned traders by announcing plans to trim collective production by around 750,000 barrels per day. Initial euphoria over what…

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September 30, 2016


Oil prices surge after OPEC’s surprise output cut deal

SINGAPORE: Oil prices surged Thursday after the OPEC producers’ group surprised the market with a deal to slash output. At the end of six hours of negotiations and weeks of horse trading, OPEC announced the plan to cut production to a level of 32.5-33 million barrels per day (bpd) from 33.47 billion, bpd in August,…

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September 29, 2016


Oil dips in Asia as Algiers meeting looms

SINGAPORE: Oil prices edged down in Asia today amid continued speculation over whether producers will agree to limit output at talks in Algeria this week, analysts said. Members of the Organisation of the Petroleum Exporting Countries will meet Wednesday with key non-OPEC producer Russia on the sidelines of the International Energy Forum in Algiers. They…

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September 27, 2016


Oil edges higher ahead of OPEC meeting

SINGAPORE: Oil prices rose modestly in Asia on Monday ahead of a producers’ meeting this week that might agree to cap supplies. But analysts warned the wellspring of optimism should be tempered by experience of two years of gluts and disagreement among members of the Organization of Petroleum Exporting Countries (OPEC). OPEC and Russia are…

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September 26, 2016


Oil prices ease as focus shifts to producers’ meeting

SINGAPORE: Oil prices eased in Asian trade Friday on profit-taking following two days of solid gains as traders turned their attention to next week’s planned meeting of key producers. Russia and members of the OPEC oil cartel led by Saudi Arabia will gather in Algeria for three days from Monday and are expected to discuss…

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September 23, 2016


Oil rises on US stockpile drop, weaker dollar

SINGAPORE: Oil prices climbed Thursday, building on the previous day’s gains following a bigger-than-forecast fall in US stockpiles, and a plunge in the dollar after the Federal Reserve kept interest rates on hold. The commodity rallied Wednesday after the US Department of Energy said inventories had tumbled by more than six million barrels last week,…

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September 22, 2016

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