The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
New research by Citigroup has shed a light on the growing gap between a weak economy and a bullish stock market in the U.K., but the bank says sterling's tumble could be a warning for overseas investors, particularly those from the U.S.
Asian stocks fell on Monday, dragged down by a slide of 3.7 percent in Shanghai following fresh property curbs. Japanese shares, however, briefly touched a fresh four-and-a-half year peak as comments from the government's nominee as the next Bank of Japan governor fueled hopes for aggressive monetary easing.
Chinese shares tumbled to their lowest close in six weeks, after Beijing hit property developers with harsher-than-expected tightening measures to contain housing costs.
A wave of new money coming into equity markets is a "powerful force" to reckon with and means that risks such as the U.S. budget cuts and uncertainty in Italy are unlikely to derail a stellar rally in the markets, one expert told CNBC.
Benchmark oil prices may be vulnerable to further selling pressure with some predicting U.S. crude futures may drop below $90 a barrel this week though a positive jobs report on Friday may help contain the losses.
This asset manager says he's met with three new clients with over $1 million each but the "shock and awe" of 2008 still looms large in their psyche.
"We're close to it. The market fluctuates, and I think it's going to rise and we'll probably see it soon," one pro said.
The dollar rose to a six-month high against a basket of currencies, buoyed by gains against the euro on growing evidence the U.S. economy was showing signs of improving.
U.S. light, sweet crude and Brent crude futures ended lower as political gridlock in Washington triggered automatic U.S. budget cuts, feeding fear about the economy in the world's largest oil consumer.
U.S. Treasurys prices rose on Friday as Washington looked set to implement spending cuts that are likely to weigh on economic growth and as European data pointed to a worsening economy in the region.
Gold mired in negative territory as the dollar extended gains after positive economic data and ahead of impending U.S. budget cuts.
U.S. Treasurys rose on Friday, lifted by safe-haven buying on the eve of federal spending cuts that could curb U.S. economic growth.
Asian markets were mixed on Friday, with Japan closing higher and Australia clawing back from session lows, while Chinese shares edged down on news that manufacturing activity in the mainland declined in February.
Stalemate in the United States over automatic government spending cuts due to take effect March 1 and an inconclusive election in Italy undermined the euro on Thursday.
The price of oil fell, as investors sold off commodities with the stock market surging toward a record high.
Gold headed towards its longest run of monthly declines in more than 16 years, as an improved economic backdrop and lower inflation concerns continued to blunt its appeal to investors.
Asian stocks rallied on Thursday, with Japan's Nikkei leading gains as the Federal Reserve's steadfast support for an ultra-easy monetary policy and a successful bond auction in Italy lifted risk appetite in a volatile week for global markets.
The euro rose against the dollar for the first time in three sessions on Wednesday on relief over solid demand for Italy's first bond sale since the country's general elections.
The commitment to a stimulative monetary policy reiterated by Federal Reserve Chairman Ben Bernanke favored riskier assets over safe-haven U.S. debt, sending U.S. bond prices lower on Wednesday.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.
Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
The worst US drought in over 50 years is pushing commodity prices to record highs.