Global equities and the dollar rose on Wednesday, as solid German economic data pointed to a pick-up in world trade and kept European shares near five-and-a-half year highs. News on Tuesday that the U.S. trade deficit hit a four-year low also bolstered optimism over the global economy and lifted the […]
Tag: Asia
Asian shares tumble to three-week low on China services PMI
Asian shares fell to a three-week low on Monday after growth in China’s services sector slowed sharply last month, raising concerns about the pace of recovery in the world’s second-largest economy, while safe-haven gold climbed. The dollar hovered near a four-week high, supported by an upbeat outlook for the U.S. […]
European stocks inch up, euro dips on S&P downgrade
European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in U.S. monetary policy, and the euro dipped after a credit agency cut its rating on the European Union. The FTSEurofirst 300 .FTEU3 index of top European shares was up 0.2 percent after […]
