Dollar Set for Weekly Gain on U.S. Outperformance; Aussie Falls

The dollar headed for a sixth weekly gain as traders bet the U.S. economic recovery will outpace the performance of Europe and Japan. The euro held its first decline in four days before data today forecast to show the regions inflation matched the slowest pace since 2009, adding pressure on the European Central Bank to increase stimulus. The yen weakened after a report showed Japans household spending declined for a seventh month. The...

WTI Heads for Biggest Weekly Drop in Three Years on OPEC Action

West Texas Intermediate headed for the biggest weekly decline in three years after OPEC took no action to ease a global supply glut and stem a slide in prices that has driven oil into a bear market. Futures dropped as much as 8.1 percent in New York. The Organization of Petroleum Exporting Countries maintained its collective target of 30 million barrels a day, Ali Al-Naimi, Saudi Arabias oil minister, said yesterday after the 12-member...

Inflation of Japan Slows for Third Month in Challenge for Kuroda

Japans consumer price gains slowed for a third straight month, challenging Bank of Japan Governor Haruhiko Kurodas effort to stoke faster inflation.Consumer prices excluding fresh food increased 2.9 percent in October from a year earlier, the statistics bureau said today in Tokyo, matching the median projection in a Bloomberg News survey of economists. Stripped of the effect of Aprils sales-tax increase, core inflation -- the BOJs key...

Japan Stocks Rise as Investors Weigh Economic Data, Oil Prices

Japanese stocks rose as investors weighed economic data and as oil prices slid after OPEC took no action to ease a global supply glut. The Topix gained 0.5 percent to 1,398.10 as of 9:01 a.m. in Tokyo, with all but three of its 33 industry groups rising. The measure is headed for 0.2 percent loss this week and a 4.8 percent gain in November. The Nikkei 225 Stock Average added...

Most Asian Stocks Rise as Japan Climbs After Data; Energy Drops

Most Asian stocks rose as Japanese equities advanced as investors weighed economic data including inflation. Energy shares led losses after oil prices plunged. Almost two shares rose for each that fell on the MSCI Asia Pacific Index, which rose less than 0.1 percent to 140.84 as of 9:05 a.m. in Tokyo. The measure is heading for a 0.6 percent weekly advance, paring its monthly decline to 0.7 percent. Japans Topix index climbed 0.8 percent...