Oil Drops as Gain in Saudi Arabian Output Boosts OPEC Production

Oil fell after capping its first monthly gain since June as increased production from Saudi Arabia lifted OPEC’s output beyond its collective quota for a ninth month.Futures decreased as much as 1.1 percent in New York. The Organization of Petroleum Exporting Countries pumped 30.6 million barrels a day in February, above the group’s output target of 30 million a day, according to a Bloomberg survey. U.S. drillers cut the number of rigs...

Yen Holds 2-Day Drop After China Cuts Rate, Aussie Dollar Falls

The yen held a two-day decline after China cut interest rates, spurring speculation stocks in Asia will climb and damp demand for haven assets. A gauge of the dollar was 0.1 percent from the highest close since at least 2004 on prospects the Federal Reserve will raise interest rates this year, boosting the currency’s allure. Australia’s dollar dropped before the Reserve Bank sets...

China’s Stock-Index Futures Advance After PBOC Interest-Rate Cut

Chinese stock-index futures rose in Singapore after the central bank reduced its benchmark interest rate for a second time in three months to shore up growth in the world’s second-largest economy. FTSE China A50 Index futures expiring in March surged 2.2 percent at 9:06 a.m. local time. Property and financial companies may be active after the People’s Bank of China lowered the one-year deposit rate by a quarter percentage point to 2.5...

Asian Stocks Rise With Copper After China Rate Cut; Yuan Slips

Asian stocks climbed with U.S. index futures and copper, while the yuan slipped to a two-year low as traders weighed China’s interest-rate cut amid signs of weakness in manufacturing. Oil fell following its first monthly gain since June. The MSCI Asia Pacific Index rose 0.1 percent by 9:16 a.m. in Tokyo, as equity gauges from Japan to Australia advanced at least 0.2 percent. Standard...

Japan Stocks Rise as Yen Weakens, Investors Weigh China Rate Cut

Japanese stocks rose, led by shippers, as the yen fell for a third day and investors weighed an interest-rate cut by China amid signs the world’s second-biggest economy is weakening.The Topix index added 0.3 percent to 1,528.13 as of 9:02 a.m. in Tokyo, with two stocks advancing for each that fell. The gauge rose 1.6 percent last week to cap a 7.7 percent jump in February, the most since September 2013. The Nikkei 225 Stock Average gained...