Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that global markets are well supplied.
sian shares edged higher on Monday as a disappointing U.S. payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.
The Nasdaq ended Friday at a new peak but the other main Wall Street indexes fell, reflecting the mixed sentiment stemming from a disappointing U.S. jobs report which raised fears about the pace of economic recovery but weakened the argument for near-term tapering.
Gold was up on Friday morning in Asia, eking out small gains as the dollar weakened. Investors now await the latest U.S. jobs report to gauge the Federal Reserve’s timeline on asset purchases and interest rate hikes.
The dollar was down on Friday morning in Asia, tumbling to its lowest level in almost a month as the week draws to a close. Investors now await the latest U.S. jobs report that could prod the Federal Reserve to begin asset tapering earlier than expected.
Oil was mixed Friday morning in Asia, after ending on a strong note overnight over a weaker dollar and bigger-than-expected fall in U.S. crude oil supplies.