Global Markets News
TOKYO An extended selloff in Chinese stocks pulled down Asian markets on Monday, while the yuan bounced on suspected intervention by Beijing hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.
WASHINGTON The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008.
An equal number of U.S. shoppers sought to buy items online as they did in physical stores over the Thanksgiving weekend, according to a closely watched survey by the leading retail industry lobby, highlighting the growing importance of e-commerce during the crucial holiday shopping season.
SINGAPORE Oil dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected U.S. interest rate hike strengthened the dollar.
TOKYO Japan's industrial output rose for a second straight month in October and retail sales grew much faster than expected - a tentative sign of the economy's recovery from a recession.
SHANGHAI/NEW YORK When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.
MILAN/LONDON, Nov 26 European shares hit three-month highs on Thursday, rising in thin trade as expectations grew for aggressive European Central Bank (ECB) action next week.
MILAN, Nov 30 European shares were expected to open flat to lower on Monday, following losses in Asia overnight, with investors cautious ahead of a much-anticipated policy decision by the European Central Bank on Thursday.
Americas Market Reports
- Gold: PRECIOUS-Gold set for worst month in 2-1/2 years on U.S. rate hike view
- Oil Report: UPDATE 3-Oil dips on firm dollar, ahead of OPEC meeting
- US Dollar Report: FOREX-Dollar stands tall, euro pressured ahead of ECB meeting, yuan volatile
- British Pound Report: Sterling recovers some ground after BoE and US data blows