Dollar Holds Advance on U.S. Hiring Figures, Fed Beige Book

The dollar held gains against its peers after recovering from losses earlier in the week, as solid employment data and a Federal Reserve report bolstered optimism the U.S. economy will weather slowing growth in China. The greenback rebounded Wednesday from two-day losses against the euro and yen after a private report showed hiring in the U.S. was mostly on pace in August, before the Labor Department releases its employment figures...

Gold Drops as ADP Jobs Data Revives Rate Concerns

Gold headed for its biggest loss in a week as a private report signaling U.S. employment growth added to speculation that the Federal Reserve is getting closer to raising interest rates. Firms added more jobs in August than a month earlier, the ADP Research Institute said on Wednesday. Traders will be focused on the government payrolls report due Friday for more clues on whether growth is strong enough to sustain higher rates. Stubbornly...

Asia Stocks Rise, Following U.S. Rally, With China Markets Shut

Asian stocks rose, following a rebound in U.S. shares, with markets in China and Hong Kong closed for a holiday. The MSCI Asia Pacific Index gained 0.4 percent to 126.45 as of 9:01 a.m. in Tokyo. Chinese shares closed lower on the last trading day of this week as investors assessed the level of state support before a major military parade on Thursday. Mainland markets are closed Thursday and Friday to commemorate the end of World War...

Japan Stocks Rise Amid Global Calm as China Closes for Holiday

Japanese stocks rose, with the Topix index headed for its first gain this week, after calm returned to global markets as China halted trading for a two-day holiday. Energy explorers led gains. The Topix gained 1.4 percent to 1,486.33 as of 9:02 a.m. in Tokyo as all of its 33 industry groups rose. The Nikkei 225 Stock Average added 1.4 percent to 18,345.71. The yen traded at 120.57 per dollar after weakening 0.8 percent on Wednesday....

U.S. Stocks Climb Amid Global Respite After Two-Day Selloff

U.S. stocks rallied, after the Standard & Poor’s 500 Index posted one of its steepest drops this year, amid a respite from a global equities selloff. A surge in the final minutes pushed the S&P 500 up 1.8 percent to 1,948.87 at 4 p.m. in New York, closing at the session high after the gauge fell 3.8 percent over the previous two sessions. Equities jumped in early trading and then trimmed their gains by more than half before an...