Oil Holds Gains Near $60 as U.S. Crude Stockpiles Seen Shrinking

Oil held gains near $60 a barrel on signs the U.S. supply glut is easing.Futures were little changed in New York after rising 0.8 percent on Tuesday. Crude inventories shrank by 2.9 million barrels through June 12, the industry-funded American Petroleum Institute was said to have reported. Energy Information Administration data Wednesday is forecast to show supplies slid for a seventh week, according to a Bloomberg survey.Oil has rebounded...

Gold dented by firm dollar ahead of Fed meeting, Greece in focus

Gold slipped on Tuesday as the dollar firmed ahead of the U.S. Federal Reserve policy meeting, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets. Spot gold fell 0.7 percent to $1,178.06 an ounce by 1419 GMT, while U.S. gold futures for August delivery were down $8.20 an ounce at $1,177.60. Bullion has not made much headway in recent months because of uncertainty over the timing of a rate rise, which...

Asian Stocks Rise First Time in Three Days Before Fed Decision

Asian stocks rose for the first time in three days, following U.S. shares higher, as investors awaited a Federal Reserve decision on U.S. monetary policy.The MSCI Asia Pacific Index gained 0.2 percent to 146.63 as of 9:02 a.m. in Tokyo. The measure slipped 1.2 percent in the previous two days as European policy makers urged Greece to make the concessions needed to unlock bailout aid ahead of Thursday’s meeting of euro-area finance ministers.The...

Japanese Stocks Follow U.S. Shares Higher on Fed Rate Outlook

Japanese stocks rose as investors speculated the Federal Reserve won’t rush to raise U.S. interest rates amid mounting uncertainty over Greece’s future in the euro.The Topix added 0.3 percent to 1,644.98 as of 9:01 a.m. in Tokyo. The Nikkei 225 Stock Average gained 0.3 percent to 20,322.13.The Federal Reserve concludes a two-day meeting Wednesday, with officials and Chair Janet Yellen expected to leave interest rates unchanged after the economy...

U.S. Stocks Rise With Europe Shares, Treasuries Amid Greece, Fed

U.S. stocks rose for the first time in three days and Treasuries advanced on speculation the Federal Reserve won’t rush to raise rates amid uncertainty over Greece’s future in the euro. European equities rebounded from a four-month low. The Standard & Poor’s 500 Index climbed 0.6 percent at 4 p.m. in New York, rising above its average price for the past 100 days. The Stoxx Europe 600 Index gained 0.6 percent after reversing a 1.1...

Gold Slips as U.S. Interest Rates, Greece Debt Impasse Assessed

Gold prices slipped before two key meetings: a policy update from the U.S. Federal Reserve and a gathering of euro-area finance ministers to discuss Greece’s intensifying debt crisis. The Fed meets in Washington on Tuesday and Wednesday to plot monetary strategy and update economic forecasts. Investors will scrutinize the central bank’s comments for any indications as to when it will raise borrowing costs for the first time since 2006. While ...

Euro Declines For First Time in Three Days Versus U.S. Dollar

The euro declined for the first time in three days against the dollar. The 19-nation shared currency slid 0.1 percent to $1.1268 as of 9:44 a.m. London time, after adding 0.2 percent in the previous two days. It dropped less than 0.1 percent to 139.19 yen. Source : Bloomber...

U.S. Stock-Index Futures Fall Amid Impasse in Greek Negotiations

U.S. stock-index futures declined, signaling equities will slide for a third day, as Greece and its creditors failed to break an impasse in debt negotiations. Standard & Poor’s 500 Index E-mini contracts expiring in September slid 0.4 percent to 2,067.5 at 9:56 a.m. in London. Dow Jones Industrial Average futures retreated 68 points, or 0.4 percent, to 17,644. The S&P 500 on Monday slipped below its average price during the...

Hong Kong Stocks end 1.10 % Lower

Hong Kong shares fell 1.10 percent Tuesday, tracking losses in New York and Europe on concerns about Greece's future in the eurozone, while mainland stocks were hit by liquidity worries. The benchmark Hang Seng Index lost 295.11 points to close at 26,566.70 on turnover of HK$123.15 billion (US$15.89 billion). In Shanghai the benchmark composite index tumbled 3.47 percent, or 175.56 points, to 4,887.43 on turnover of 895.4 billion yuan...

China Stocks Cap Biggest Two-Day Loss This Month on IPOs

China’s stocks fell, capping the benchmark index’s biggest two-day loss this month, on concern valuations are outstripping earnings growth and a flood of share sales will lure funds from existing equities.Trainmaker CRRC Corp. and Shenzhen InfoTech Technologies Co. plunged by the 10 percent daily limit, while phone-equipment maker ZTE Corp. slid 5.4 percent. BYD Co. tumbled 6.6...