Yen Remains Lower After 3-Year Tumble; Kiwi Slips on China Data

The yen remained lower against the dollar after tumbling for a third straight year amid speculation the Bank of Japan will continue unprecedented stimulus measures, while the Federal Reserve will raise interest rates this year. The dollar held gains against its 16 major peers before a report by Market Economics which economists say will show that a U.S. manufacturing index rose....

Pending Sales of U.S. Existing Homes Increase 0.8% in November

Contracts to purchase previously owned homes rose in November as employment gains and low borrowing costs helped bring potential buyers into the market. The pending home sales index advanced 0.8 percent after a revised 1.2 percent decrease in October, the National Association of Realtors said today in Washington. The median projection in a Bloomberg survey of economists called for the index to rise 0.5 percent, with estimates ranging...

Steepest Drop in World Oil Prices in 2014

World oil prices fell the most last year since the financial crisis of 2008. When the stock closed at the end of 2014, the price of Brent crude from the North Sea and West Texas Intermediatedari America, both of which are an international benchmark, has dropped more than 45 percent last year. Almost all of the decline in prices that occurred since June, when prices reached more than 100 dollars per barrel. At the end of the year, Brent...

Oil Advances With U.S. Index Futures as Japan’s Currency Drops

Oil rose after falling last year by the most since 2008, while U.S. stock-index futures gained. The yen weakened and silver climbed. Crude in New York advanced 2.5 percent at 8:04 a.m. in Hong Kong following a 46 percent drop in 2014. Standard & Poor™s 500 Index futures increased 0.3 percent. Australia™s S&P/ASX 200 Index slid 0.1 percent. The yen dropped 0.1 percent against...