Global Stock Markets Start Week In Reverse Gear
Stock markets mostly slid on Monday as traders reacted to worries about a US-China trade deal, renewed unrest in Hong Kong, a stronger pound and political impasse in Spain.
Asian Stocks Mostly Decline On EU Summit Doubts
Asian Stock markets mostly declined Tuesday as market participants continued to doubt the ability of European leaders in tackling the debt crisis at a European summit later this week.
Rally Into Safety Sees Traders Drop Oil, Euro and Stocks for Govt. Paper
The almighty dollar was the investment of choice Monday morning, as international investors - in a classic flight to safety after various major news breaks last week - piled into greenback-denominated cash and cash equivalents.
Oil Prices Soar to Nearly $100 as Greece Passes Austerity Measures
Oil prices rose to nearly $100 a barrel in electronic trading on the New York Mercantile Exchange on Monday, after Greece's parliament approved painful austerity measures to secure a second bailout and avoid bankruptcy.
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Gold Firming in Europe, Equity Gains Relieve Selling Pressure
Gold firmed in Europe on Thursday as a strong recovery in equity markets cut selling of the precious metal to cover losses elsewhere, and as physical buyers took advantage of lower prices to stock up.
Stocks Jump After Central Bank Action
World shares rose half a percent to one-week highs on Friday while the euro clung to gains from the previous session on hopes that European policymakers would finally come up with a bold plan to combat a deepening debt crisis.
European Stocks Higher, in Light Volume; Oil Stocks Helping Gains
Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.
Fears of Weak U.S. Demand Depress Brent Crude Futures
Brent crude for September fell 26 cents to $109.65 by 3:57 a.m. GMT, after falling to as low as $109.23 earlier. U.S. crude was down 34 cents at $87.54 a barrel.
World's Private Sector Stumbles as Debt Crisis Bites
The world's economy moved closer to stagnation last month as firms in Asia and Europe reined back in the face of an ongoing debt crisis and signs of a new U.S. slowdown, business surveys showed on Wednesday.
Gold steadies off 4-week high ahead of U.S. data
Gold steadied on Wednesday ahead of a raft of U.S. data due later, having earlier risen to four-week highs as a retreat in the dollar and concerns over the medium-term inflation outlook helped support the precious metal.
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