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Oil stems slide on expectations of stimulusBrent oil held near $104 per barrel on Tuesday, as worries about demand outlook were offset by expectations the U.S. Federal Reserve and European Central Bank may do more to stimulate the global economy. Brent rose 3 cents to $103 More… |
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Growth fears hit shares and oil, gold stableWorld shares and industrial commodities fell on Wednesday as global growth concerns overwhelmed support from the prospect of ongoing central bank stimulus in the US and Japan. The growing belief the Federal Reserve will maintain i More… |
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Global economy: Rays of hope pierce thick cloudsGlobal economic news is improving here and there, but a batch of data due this week is unlikely to shake financial markets' conviction that major central banks are not about to take away the punch bowl. More… |
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Brent holds steady above $112 on Fed assuranceBrent futures held steady near $113 a barrel on Wednesday after Federal Reserve's affirmation of its commitment to monetary stimulus renewed hopes of a revival in demand growth in the world's biggest oil consumer. More… |
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Gold rises as data suggests Fed stimulus may stayGold firmed on Friday, extending gains from the previous session as lacklustre US data bolstered hopes that the Federal Reserve's monetary stimulus would stay in place, though prices were headed for a second straight weekly More… |
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Gold hits 7-month lowGold dropped to a seven-month low on Thursday, its third straight session of weakness, as signs that some Federal Reserve officials were reconsidering the scale and duration of the US monetary stimulus programme spooked investo More… |
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Brent falls below $112 as Fed doubts weighBrent crude fell below $112 a barrel on Friday as growing doubts within the U.S. Federal Reserve about the side effects of its stimulus programme, and the prospect of more budget battles in Washington, curbed investor appetite for riskier assets More… |
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Gold on 11-month high, extends gains to 5th dayGold hit an 11-month high of $1,795.69 an ounce on Friday in its fifth day of gains as stimulus measures from major central banks continued to increase its appeal as an inflation hedge. The European Central Bank kept interest rate More… |
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Value of dollar, euro a concern: QatarQatar, a major investor in US and European assets, is worried that haphazard attempts by countries to shore up their economies could weaken the dollar and the euro, its prime minister said. &quo More… |
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With stimulus effect over, analysts see cheaper oilSlowing global economic growth and receding worries over a loss of Middle East supply are likely to bring lower oil prices for the rest of this year and in 2013, a Reuters poll shows. Hopes that economic stimulus measures and new More… |
