Asian stocks rose on Wednesday but ended off session highs as a weak Australian dollar, volatile Japanese markets and renewed fears of the U.S. Federal Reserve tapering its bond-buying program scaled back momentum.
Instability in the U.S. bond market arising from a tapering of quantitative easing (QE) poses a major threat to the outlook for the global economy, OECD warned on Wednesday.
Signs of strength in the U.S. economy, a stock market boom and the prospect of the U.S. becoming a net oil exporter suggest the tide may be turning for the dollar.
Yields on U.S. Treasurys surged to a 13-month peak as stocks hit another record high and investors proved reluctant to buy more U.S. debt in an auction of two-year notes.
The dollar rebounded against the euro and yen Tuesday after robust U.S. economic data reinforced expectations the Federal Reserve may start unwinding its stimulus program.
Wall Street came back from the long weekend with a rosier view about possible tapering by the Federal Reserve. Here's why.
Strong buying of physical bullion helped pare losses from an earlier gold decline caused by a dollar rise and technical selling, but the metal continued to feel pressure.
Crude moved higher on Tuesday, supported by stronger equities markets and rising Middle East risk but held back by ample supplies and concern over fuel demand.
Brent oil crude futures fell towards $102 per barrel on Monday, due to weak economic outlook in a well-supplied market, with oil producer cartel OPEC unlikely to shift policy at a meeting this week.
The yen rose on Monday as another drop in Japanese shares continued to encourage investors to unwind dollar hedge positions.
Gold rose on Monday, extending its gains after its strongest week in a month, as the dollar slipped and European stock markets steadied.
Japan's stock market went on another wild ride on Monday as the benchmark Nikkei index tumbled as much as 4 percent before paring losses in a third day of volatile trade.
Stocks closed lower for a third session, as markets remain worried the Federal Reserve may start withdrawing stimulus by curtailing bond purchases later this year.
Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. weekend, but registered its biggest weekly percentage gain in a month.
U.S. Treasurys prices edged up as traders evaluated the likelihood of the U.S. Federal Reserve pulling back on bond purchases this year and whether a recent sell-off was overdone.
The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
Oil prices rose after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long U.S. holiday weekend.
Asian shares were mostly higher, back to earlier gains on Friday, after the Nikkei plunged as much as 3 percent at one point in another volatile trading day.
The dollar was on track for its biggest daily drop in more than five weeks against the yen after a sharp slide in Japanese stocks and weak Chinese factory activity data.
Stocks closed modestly lower in a volatile session as market participants weighed better U.S. economic data against the fears the Fed may soon start to curtail its bond buying.