Britain's leading shares were barely weaker on Monday, propped up by gains in oil companies and miners such as BG Group as prices of crude oil and some metals traded near record levels, although most heavyweight sectors such as banks and pharmaceuticals eased.
China's yuan currency can probably begin to rise more swiftly given the reforms Beijing has put in place, but gradualism is still the guiding philosophy, the head of China's central bank said on Saturday.
The dollar slid about 1 percent to three month lows against the yen in early trade on Monday after Group of Seven countries singled out China in their call for more flexibility in exchange rates. The dollar slid about 1 percent to three month lows against the yen in early trade on Monday after Group of Seven countries singled out China in their call for more flexibility in exchange rates.
Corporate earnings news will likely determine the course of the stock market next week as investors scan profit outlooks for enough strength to propel the Dow industrials the few hundred more points the index needs for a record high.
Aging directors, diversification needs, fund-raising fatigue, and a current lull in the buyout market are prompting large private equity firms to take a serious look at launching publicly traded funds.
Britain's FTSE 100 index saw earlier gains evaporate and ended lower on Thursday after mining stocks including Xstrata and Rio Tinto tracked a steep fall in commodities prices and handed back some of the sector's striking gains.
Prices of oil, base metals and precious metals were slashed on Thursday afternoon as cross-asset profit-taking kicked in, traders said.
U.S. stocks climbed on Tuesday as strong corporate earnings and evidence of tame inflation in March countered a rise in the price of oil to a record high.
U.S. stocks fell on Friday as interest-rate worries outweighed expectations that stronger-than-expected jobs creation and tame wage inflation in March would lead to growing profits.
The dollar was broadly flat on Monday after paring early gains on news growth in the U.S. manufacturing sector last month was slower than financial markets had anticipated.
U.S. government debt prices fell Monday as a mixed bag of economic data reinforced expectations the Fed could raise interest rates at least once more.
India's Prime Minister Manmohan Singh announced earlier this month that his government is looking to make its rupee more convertible. India is considering the policy change to stimulate foreign investment and to reach its self-stated goal of 10 percent annual GDP growth.