President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
TOKYO, Sept 4 (Reuters) - Japan's Nikkei share average struggled for traction on Wednesday and the broader Topix dipped after weak U.S. economic data stoked fears of a global recession and soured investor sentiment.
The benchmark Nikkei average ended up 0.12% at 20,649.14 points, while the broader Topix dropped 0.26% to 1,506.81.
U.S. manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining sharply as trade tensions weighed on business confidence, data showed on Tuesday.
Cyclical sectors came under pressure, with metal products , iron and steel among worst performing sectors on the Topix.
"The weak U.S. ISM data underscored the view that a recession is highly probable. Global investors are preparing for it in a somber manner," said Yasuo Sakuma, chief investment officer at Libra Investments.
Nikkei heavyweight Fast Retailing gained 0.9% after the clothing chain operator said same-store sales at its Uniqlo outlets in Japan rose 9.9% in August from a year earlier.
Nintendo rose 2.6% on hopes of product updates or announcements after the gaming company said it will broadcast a pre-recorded "Nintendo Direct" global presentation on Thursday morning, Japan time. (2200 GMT on Wednesday).
Elsewhere, Kakaku.com climbed 1.6%, buoyed by hopes of a potential inclusion of the Nikkei average in the periodic review of its constituents.
Other candidates Zozo and M3 were also in demand, adding 0.2% and 1.2%, respectively, while Nintendo found an extra tailwind from this.
Review results of the Nikkei constituents are due as early as this week.
Other notable movers include TSE REIT index, advancing 0.9%, moving closer to the 12-year peak hit two weeks ago. (Reporting by Tomo Uetake; Editing by Sam Holmes & Kim Coghill)