NYMEX May crude settled $1.84 lower at $99.74/barrel Tuesday on expectations of another build in US crude stockpiles and bearish data from China and Europe. ICE May Brent settled $2.14 lower at $105.62/b. The Brent-WTI spread settled at a ...
Tags: Oil Futures, crude, NYMEX
Oil prices surged on Thursday as economic data around the globe added optimism to economic growth. In the week ending July 27, the advance figure for seasonally adjusted initial jobless benefits claims decreased 19,000 to 326, 000, the ...
Tags: Oil Prices, Global Growth Optimism
Australian shares have suffered another sharp fall, losing $26 billion more in value to close down 3.8 per cent for the week, the biggest weekly fall in a year. At 4.15pm AEST, the benchmark S&P/ASX200 index was down 78.9 points, or 1.56 ...
The sharemarket suffered its sharpest one-day fall for two months yesterday after the US Federal Reserve said it could reduce its economic stimulus measures and China's manufacturing showed signs of contraction. "In the next few meetings ...
The Australian dollar traded slightly lower during holiday-thinned Asian trade as a dearth of local developments left traders waiting for key events offshore. Topping the watch list are European Central Bank and US Federal Reserve ...
Tags: Australian dollar, bond issuance
The sharemarket climbed to a five-week high yesterday as falling bond yields fuelled demand for high-yield stocks, offsetting the negative effect on miners of disappointing Chinese manufacturing data. The benchmark S&P/ASX 200 closed up 1 ...
Tags: Lifts Stocks, economy
The dollar has opened near $1.042 as market players look ahead to the Reserve Bank of Australia's interest rate decision. At 7am AEDT, the Aussie was at $1.0422, steady with Thursday's local close. Australian markets were closed on Good ...
Tags: economy, dollar, Australian markets
Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
Australian stocks were lower early today after below-view Chinese manufacturing data, while Japanese shares took pause at the end of a violent week of trading. Chinese manufacturing data was the main data point today, with the official ...
Tags: sharemarket, shares, US dollar
The Australian dollar is lower following the release of weaker Chinese manufacturing data on Friday and the onset of automatic spending cuts in the US. At 6.30am AEDT today, the currency was trading at 101.99 US cents, down from 102.36 US ...
Tags: Australian dollar, currency, US cents
The Australian dollar softened yesterday after weaker-than-expected Chinese manufacturing data raised concerns over the momentum of recovery in the world's second-largest economy and Australia's biggest trading partner. The preliminary ...
Tags: PMI, Australian dollar, dollar
The sharemarket rose yesterday as defensive and high-yield stocks had broad-based gains after stronger-than-expected German business confidence data brightened the eurozone economic outlook and US earnings reports beat expectations. The ...
Tags: earnings, stocks, sharemarket
The Australian dollar rose today following rallies on US share markets on Friday night. At 6.30am AEDT the currency was trading at 104.04 US cents, up from 103.99 US cents at the local close on Friday. The dollar fell as low as 103.61 ...
Weaker-than-expected Chinese manufacturing data sent the dollar lower today, ahead of all-important US employment figures due overnight. China's official Purchasing Managers Index fell to 50.4 in January from 50.6 in December, lower than ...
Tags: Dollar, Australian dollar, exchange rate
Reuters reported that Shanghai steel futures extended last week's rally and rose nearly 2% on Monday, buoyed by upbeat Chinese manufacturing data and higher raw material prices. The most active rebar futures contract on the Shanghai ...
Tags: Shanghai steel futures, China, steel market, Chinese manufacturing data