Economic news

Oil prices fell on Thursday though holding near one-month peaks after futures climbed in the last session. The IEA and other agencies revised oil demand forecasts for 2021 as economies recover from the pandemic. Brent crude fell 0.3%, or 21 cents, at $66.37 per barrel, following a 4.6% gain on Wednesday, its highest close since […]

Import prices in the United States advanced above expectations in March. The increase was mainly from upbeat petroleum prices and robust supply chains, indicating that the country’s inflation is gaining momentum as the economy reopens. After a 1.3% jump in February, import prices advanced higher with a 1.2% record in March. This marked the fifth […]

Asian share markets recorded a subdued trading session on Thursday, with Wall Street performing weakly as a selloff in Coinbase dragged technology-related shares. Meanwhile, the dollar index traded poorly near its one-month low. After two consecutive days of gains, MSCI’s broadest index of Asia-Pacific shares went inactive. It was last seen at 690.53, placing below […]

Global stock markets reached their highest levels on Wednesday as released data weakened U.S. inflation concerns resulting in easing bond yields. Majority of Asia-Pacific indexes tallied new record highs, with Hong Kong’s Hang Seng index as the leading gainer in the region with a 1.4 increase. MSCI’s broadest index of Asia-Pacific shares outside Japan improved […]

European stock markets traded mixed on Wednesday as U.S. inflation concerns eased due to falling bond yields. Coronavirus-related concerns, however, continue to weigh on markets, dragging other stocks down. Germany’s DAX futures contract gained 0.2%. the U.K.’s FTSE 100 futures contract improved 0.1%. CAC 40 futures in France lowered 0.6%. The consumer price index in […]

The dollar dropped to multi-week lows against the euro and the yen on Wednesday. This came after an increase in the U.S. consumer price gauge failed to prompt wider fears about rising inflation and the Fed’s tapering, pushing down U.S. bond yields.  The dollar fell 0.2% to 108.80 yen, hitting its weakest level in three […]

Crude oil prices rose on Wednesday after U.S. oil inventories data fell more than expected and OPEC raised its oil demand outlook. However, fears about a surge in COVID-19 infections and rising supplies capped gains.  Brent crude futures gained 0.6%, or 42 cents, at $64.09 per barrel after climbing 39 cents on Tuesday. U.S. West […]

Singapore’s economy posted a surprising expansion in the first quarter from a year ago. The jump could be attributed mainly to the country’s upbeat manufacturing activity, Wednesday data showed. On an annual basis, gross domestic product advanced 0.2% from January to March. The figure released by the Ministry of Trade and Industry came stronger than […]

Machinery orders in Japan contracted to their lowest level in about a year in February. According to data, the decline undermined optimism for an increase in capital expenditure as this is necessary for the sector’s acceleration from the coronavirus drag. Data from the Cabinet Office showed that core orders dropped 8.5% in February from a […]

The dollar languished near a three-week low against major peers on Tuesday, pressured by a decline in Treasury yields as traders waited for the highly anticipated U.S. inflation data later in the day.  The dollar declined with U.S. yields this month after rallying to multi-month peaks on hopes that massive stimulus and continued monetary easing […]