Articles by simon yao
- Gold Eases With Stocks, Euro As Risk Appetite Wanes
August 08 2012 9:32 AM
Gold prices eased on Wednesday as the euro ran into profit-taking and stock markets dipped, with the previous day's burst of sharper risk appetite running out of steam after German economic data fell short of expectations.
- Euro slips on doubts over effective ECB response
August 06 2012 9:57 AM
The euro eased on Monday after making significant gains, with many investors wary of buying the currency on caution about how effective action pledged by European policymakers to resolve the euro zone crisis would be.
- European shares touch 4-month highs, led by cyclicals
August 06 2012 9:56 AM
European equities touched fresh four-month highs on Monday, with investors shifting into financials from the more defensive drugmakers and food producers after the European Central Bank opened the way for measures to fight the euro zone debt crisis.
- HSBC leads Hong Kong share gains, Shanghai at 2-week high
August 06 2012 9:55 AM
Hong Kong shares closed at their highest in almost three months on Monday, tracking an Asia-wide rally following better-than-expected U.S. jobs data on Friday that spurred gains for riskier assets.
- Gold Rises On Expectations Of More U.S. Stimulus
August 06 2012 9:28 AM
Gold prices rose on Monday, extending the last session's recovery from four days of declines, as investors bet that Friday's better-than-expected jobs data would not be enough to head off another round of monetary easing in the United States.
- Shares, oil extend gains on U.S. jobs report
August 03 2012 10:17 AM
An unexpected surge in the number of people hired by U.S. employers during July boosted the dollar against the yen, lifted oil prices and extended gains on world share markets on Friday.
- Oil gains, boosted by strong U.S. jobs data
August 03 2012 10:16 AM
Crude oil futures rose on Friday, buoyed by better than forecast U.S. jobs data that improved sentiment about the economic prospects of the world's largest oil consumer, while worries about supply also provided support.
- Dollar, euro rise vs. yen as jobs data boosts risk
August 03 2012 10:15 AM
The U.S. dollar rose to a two-week high against the yen and the euro rallied on Friday after a report showing the U.S. economy added the most jobs in five months in July boosted investor appetite for risk.
- LME Copper Edges Up; Growth Worries Cap Gains
August 03 2012 10:14 AM
London copper edged up on Friday, but prices were still set for their biggest weekly loss in two months after European Central Bank inaction disappointed markets and as worries over global growth dragged on the outlook for metals.
- European shares extend gains, banks surge higher
August 03 2012 10:10 AM
European shares extended gains on Friday, as Wall Street opened sharply higher after stronger-than-expected U.S. jobs data.
- Hong Kong shares slip below chart support, China stocks up
August 03 2012 10:07 AM
Hong Kong shares weakened below a key technical support level on Friday, in a general move away from riskier assets after inaction by the European Central Bank and Federal Reserve dashed investors' hopes of easing.
- Gold Edges Higher Ahead Of U.S. Payrolls Data
August 03 2012 10:02 AM
Gold prices rose on Friday, recovering some ground lost in four straight sessions of declines as the dollar fell versus the euro, but they struggled for traction ahead of a key U.S. jobs report due later in the day.
- Gold Down, Hopes For Imminent Central Bank Actions Fade
August 02 2012 4:31 PM
Gold prices fell for a fourth straight session on Thursday as bullion investors continued to unwind bullish bets due to a lack of more aggressive actions by the European Central Bank and U.S. Federal Reserve to boost growth.
- Wall Street ends down fourth day after Draghi
August 02 2012 4:29 PM
Stocks fell for a fourth day on Thursday after European Central Bank President Mario Draghi disappointed investors hoping for immediate action to contain the euro zone debt crisis.
- Russian Gold/fx Reserves Fall To $505.5 Bln
August 02 2012 8:31 AM
Russia's gold and foreign exchange reserves fell to $505.5 billion in the week to July 27 from $507.7 billion a week earlier, central bank data showed on Thursday.
- Kinross Gold Ousts Tye Burt, Names New CEO
August 02 2012 8:27 AM
Canadian miner Kinross Gold Corp named Paul Rollinson its new Chief Executive late on Wednesday, replacing long-time CEO Tye Burt, who spearheaded its massive acquisition of Red Back Mining that has so far failed to live up to expectations.
- South Korea Buys Gold; C.Bank Purchases Set To Rise
August 02 2012 8:19 AM
South Korea boosted its gold holdings by nearly a third in July, buying 16 tonnes as part of the central bank's efforts to diversify its massive foreign exchange reserves.
- Six-week stimulus watch for Bernanke and Fed
August 02 2012 8:00 AM
Federal Reserve Chairman Ben Bernanke looks set to spend the rest of the summer waiting for signs that could tip the scales toward providing another round of stimulus for economy.
- Oil climbs to $107 before ECB announcement
August 02 2012 7:57 AM
Brent crude oil rose to $107 a barrel on Thursday as investors looked to Europe for action to stabilize the euro zone and stimulate an economy in deep recession.
- Gold Holds Above $1,600 Per Ounce Ahead Of ECB Announcement
August 02 2012 7:56 AM
Gold prices rose back above $1,600 an ounce in Europe on Thursday as a retreat in the dollar helped the metal recover some of previous day's decline, but moves were muted ahead of a monetary policy statement from the European Central Bank.