Friday 29 March 2024
 
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economic data

Oil falls on oversupply, economic data concerns

Oil prices fell in Asian trade on Tuesday on renewed worries over a global glut of oil and lacklustre demand ahead of preliminary manufacturing figures from China and Japan later on Tuesday. But a forecast drawdown in US crude sto

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Gold off 2-week high vs dollar

Gold moved off earlier two-week highs on Friday, as the dollar rose slightly, but was still on track for its second weekly gain after weak US data eased speculation the Federal Reserve could soon scale back monet

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Brent rises towards $109; but gains capped

  Brent crude futures climbed towards $109 a barrel on Wednesday, snapping a six-day losing streak after economic data from China suggested a strengthening recovery in the world's No. 2 oil consumer.  

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Investors run for safe-havens on US data

Investors fled from the US stock market and the dollar on Wednesday after employment and manufacturing data signaled that US economic growth may be slowing more quickly than expected. Yields on benchmark 10-year US Treasury debt, the favou

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Dollar struggles near 2-week lows

The dollar hovered near a two-week low against a basket of currencies on Monday and Asian stocks were pinned in tight trading ranges as weak US economic data and fears of a Greek debt default kept many investors on the sidelines. European

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