World stock markets reached their highest level in almost five months on Thursday as higher oil prices improved risk appetite and the euro steadied before a European Central Bank meeting.
However, European shares slipped lower as
Oil prices dipped on Thursday, after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut weighs.
Brent crude futures were at
The European Central Bank is working on a plan to allow consumers to transfer money using their phone numbers or email addresses rather than a complicated bank account number, a senior bank official said.
In an interview with RTL
Asian shares slipped while the euro retained lavish gains on Friday, a day after its biggest one-day surge in nearly seven years as the European Central Bank's stimulus package fell well short of markets' high expectations.
Gold hit a near-six-year low on Thursday, as the dollar soared after Federal Reserve chair Janet Yellen hinted at a US rate hike later this month and investors nervously awaited the European Central Bank's policy decision later in the day.
Oil prices on Monday were on course to end November some 10 per cent lower as a global supply glut showed no sign of easing and weak stocks and a strong dollar further weighed on prices.
Brent crude, the global oil benchmark, was
Asia extended a global stocks rally on Friday after the European Central Bank signaled its readiness to inject more stimulus, helping the dollar scale a fresh two-month peak against the euro.
Asian shares eked out cautious gains on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week.
MSCI's broadest index
Asian shares rose on Tuesday and the dollar held steady as US markets bounced back and the European Central Bank said it was prepared to ease monetary policy further.
MSCI's broadest index of Asia-Pacific shares outside Japan
Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.