Oil Trims Rally as Investors Weigh OPEC’s Inaction on Supply

West Texas Intermediate crude fell, trimming the biggest rally since August 2012 as investors weighed OPECs decision to let the market curb a global supply glut. Brent was steady in London. Futures slid 0.3 percent in New York, declining for the fifth time in six days. The Organization of Petroleum Exporting Countries may hold an emergency meeting early next year, Venezuelas Foreign Minister Rafael Ramirez said in an interview with...

Gold Retreats From Five-Week High on Outlook for Stronger Dollar

Gold retreated after the biggest one-day rally in more than a year as investors weighed the outlook for a stronger dollar against a rebound in oil prices. Silver, platinum and palladium dropped. Bullion for immediate delivery declined as much as 0.7 percent to $1,203.45 an ounce, and traded at $1,205.47 at 8:55 a.m. in Singapore, according to Bloomberg generic pricing. The metal rallied yesterday to $1,221.43, the highest level since...

Japanese Stocks Fall After Debt Downgrade as Yen Strengthens

Japanese stocks fell, with the Topix index retreating from a six-year high, as the yen strengthened after Moodys Investors Service cut the countrys credit rating in the first downgrade of Prime Minister Shinzo Abes regime. The Topix lost 0.5 percent to 1,414.76 as of 9:05 a.m. in Tokyo. All but five of the 33 industry groups slid. The Nikkei 225 Stock Average declined 0.6 percent to 17,488.50. The yen dropped to 119.14 per dollar right...

Most Asian Stocks Fall as Technology Shares Retreat, Topix Drops

Most Asian stocks dropped, led by a decline in technology shares after Apple Inc. slumped the most in two months in New York. Australian equities rebounded from the largest slump in seven weeks. Three shares retreated for every two that advanced on the MSCI Asia Pacific Index, which was little changed at 139.67 as of 9:13 a.m. in Tokyo, before markets opened in Hong Kong and China. Samsung Electronics Co. and SoftBank Corp. were the...

U.S. Shares Fall as China Factory Data, Black Friday Disappoint

U.S. stocks declined as weaker data on Black Friday sales and China manufacturing overshadowed a rebound in oil and expansion in American factories.The S&P 500 fell 0.7 percent to 2,053.5 at 4 p.m. in New York. The Dow Jones Industrial Average slumped 48.75 points, or 0.3 percent, to 17,779.49. The technology-heavy Nasdaq 100 Index lost 1.2 percent. Trading in S&P 500 companies was 18 percent above the 30-day average for this...