Oil falls to six-week low on lockdown concerns

Oil pumping cranes, also known as “donkey nodding” at an oil field of the Rosneft oil company near the village of Sokolovka, in the Udmurt Republic, Russia, Friday, November 20, 2020. Bloomberg | Bloomberg | Getty Images Oil prices slumped to a six-week low on Friday as new Covid-19 lockdowns raised demand concerns, just as … Read more

UK inflation, currencies and oil prices

Employees wearing protective masks work in the trading room at the headquarters of Daiwa Securities Group Inc. In Tokyo, Japan, on Thursday, October 14, 2021. Toru Hanai | Bloomberg via Getty Images SINGAPORE – Asia-Pacific markets were mixed on Thursday, after overnight losses on Wall Street, as shares in Japan, South Korea, Hong Kong and … Read more

Mohamed El-Erian pours cold water on calls for $100 oil

Expectations of oil prices to reach $100 a barrel ignore key questions about the future of demand, according to Mohamed El-Erian, chief economic advisor at Allianz and head of Gramercy Fund Management. International benchmark Brent and US crude prices have risen above $80 in recent weeks as post-pandemic demand has outpaced supply. High natural gas … Read more

China October economic data releases ahead

SINGAPORE – Shares in the Asia-Pacific region rose in early morning trading on Monday as investors looked ahead to expected Chinese economic data later in the day. Japan’s Nikkei 225 rose 0.61% in early trading as SoftBank Group shares jumped 2%. Topix rose 0.65%. Preliminary estimates released on Monday showed Japan’s gross domestic product shrank … Read more

Tech shares on Wall Street see overnight bounce

Stock Picks and Investment Trends from CNBC Pro: Japan’s Nikkei 225 is up 1.01% while Topix is ​​up 1.19%. In South Korea, the Kospi rose 1.22%. Australian shares were also higher, with the S&P/ASX 200 index up 0.96%. MSCI’s broadest index of Asia Pacific shares outside Japan was trading 0.52%. Overnight, the Nasdaq Composite rose … Read more

Data shows U.S. consumer inflation surged in October

SINGAPORE – Asia-Pacific markets were mixed on Thursday after data released overnight showed that US consumer inflation rose in October. Australian shares led losses among the region’s major markets with the S&P/ASX 200 index down 1.18%. Employment in Australia unexpectedly fell by 46,300 in October, according to seasonally adjusted estimates from the country’s Bureau of … Read more

SoftBank Group up after share buyback plan

SINGAPORE – Shares in the Asia-Pacific region rose on Monday, following overnight gains on Wall Street that pushed major indexes to record closing levels. Meanwhile, bitcoin has hit a record high. Shares of Japanese giant SoftBank Group rose 10.1% after the company announced on Monday a plan to buy back up to 1 trillion yen … Read more

China October exports growth, oil and currencies

SINGAPORE – Shares in the Asia-Pacific region mostly fell in Monday morning trading as investors reacted to Chinese trade data released over the weekend. South Korea’s Kospi led losses among the region’s major markets, dropping 1.19%. Stocks in mainland China were also lower, with the Shanghai Composite down 0.1% and the Shenzhen component down 0.231%. … Read more

Chinese property stocks fall, developer Kaisa shares halted

SINGAPORE – Shares in Asia Pacific were mixed on Friday, with shares in Hong Kong leading losses among the region’s major markets. Hong Kong’s Hang Seng Index is down 1.6% in early trade. Stocks in mainland China were also lower, with the Shanghai Composite down 0.37% while the Shenzhen component slipped 0.14%. Shares of Chinese … Read more

likely to maintain slow oil output despite high prices

Oil-pumping cranes, also known as “Emma donkeys”, work in an oil field near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrei Rudakov | Bloomberg | Getty Images Oil prices are at their highest since 2014, and oil-importing countries are feeling the pain. But despite diplomatic pressure, it is unlikely that OPEC and its allies … Read more