Spanish stocks jump as Catalonia makes no formal independence declaration

By Kit Rees LONDON, Oct 11 : Spanish stocks outperformed a lacklustre European market on Wednesday as Catalonia’s leader stopped short of declaring formal independence from Spain, allaying fears over a constitutional crisis in the region and boosting shares in banks. The pan-European STOXX 600 index was flat in percentage terms by 0828 GMT, while […]

Oil prices stable on signs of tighter market, but 2018 looks more uncertain

By Henning Gloystein SINGAPORE, Oct 11 : Oil prices were stable on Wednesday, with U.S. crude holding above $50 per barrel after rising 2 percent the previous day on signs that markets are gradually tightening after years of oversupply. U.S. West Texas Intermediate (WTI) crude futures were trading at $50.96 per barrel at 0043 GMT, […]

Oil rises 2 percent on signs rebalancing underway

By Devika Krishna Kumar NEW YORK, Oct 10 : Oil prices rose about 2 percent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply. Saudi Arabia has cut November allocations by 560,000 barrels per day (bpd), in line […]

US dollar, debt yields fall on N. Korea missile test report

By Herbert Lash NEW YORK, Oct 7: The U.S. dollar tumbled and debt yields pared sharp gains on Friday on a report that North Korea is preparing to test a long-range missile, reversing earlier jumps after U.S. jobs data for September raised the likelihood of an interest rate hike in December. A Russian lawmaker just […]

Material and financial stocks buoy Australia shares; NZ higher

By Susan Mathew Undated, Oct 6 : Australian shares rallied on Friday, boosted by financial and material stocks and are on track to end the week on a positive note, tracking a strong handover from Wall Street where the S&P 500 hit fresh highs. The S&P/ASX 200 index rose 37.034 points, or 0.7 percent, to […]

Australian dlr falters as weak retail data mutes rate hike chatter

By Swati Pandey SYDNEY, Oct 5 : The Australian dollar stumbled on Thursday after a second straight monthly fall in retail sales highlighted the need for interest rates to remain at record lows for some while yet. Thursday’s data from the Australian Bureau of Statistics (ABS) showed retail sales dropped 0.6 percent in August, confounding […]