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HuaweiThe euro is poised to post its worst week in nearly four months on Friday, languishing a little above a three-week low against the dollar as worries about rising Spanish debt yields show no signs of abating ahead of key U.S. jobs data.
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India is not making life easy for itself as it looks to sell-off stakes in state companies to help plug a yawning budget gap, with New Delhi’s own policies battering sentiment towards government enterprises even as it readies more for market.
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BANGKOK — Asian stock markets were muted Friday in holiday-thinned trade ahead of a monthly U.S. hiring report.
LONDON/SINGAPORE - An eighth straight month of contraction in the euro zone’s manufacturing sector eclipsed brighter news from Asia on Monday, dimming chances of a strong rebound in the global economy.
The yen eased and riskier currencies like the Australian dollar rose on Monday after surprisingly strong Chinese factory activity data eased fears about a hard landing by the world’s second-biggest economy.
The yen eased and riskier currencies like the Australian dollar rose on Monday after surprisingly strong Chinese factory activity data eased fears about a hard landing by the world’s second-biggest economy.
Gold prices inched up on Monday in the first trading day of the second quarter, waiting for fresh cues from the currency market as investors digest data from China and the United States as well as developments in the euro zone.
Gold was trapped in a tight range around $1,660 an ounce on Friday, ahead of a meeting of euro zone finance ministers that may boost the bloc’s bailout power, and sluggish physical demand weighed on sentiment.
