Oil Climbs as Falling U.S. Rig Count Seen Further Curbing Output

Oil advanced on signs that producers are investing less in drilling, which could take a bigger bite out of falling U.S. crude production. Explorers idled oil rigs for a third straight week in the U.S., Baker Hughes Inc. said Friday. U.S. crude output has fallen for six weeks as the price slump over the past year takes its toll on the shale-oil industry. About $1.5 trillion of potential investment in new oil projects isn’t viable with...

Gold Declines as Comments From Fed Officials Fuel Rate Concerns

Gold futures fell for the second time in three sessions as comments from some Federal Reserve officials fueled concern that the central bank may raise interest rates this year. Three policy makers argued for lifting the Fed’s key rate before year-end, days after a September increase was rejected amid financial-market volatility and concern about an economic slowdown in China. Tighter monetary policy curbs demand for gold because it...

Saham Cina Berfluktuasi Sebelum Data Manufaktur

Saham China fluktuatif diantara keuntungan dan kerugian sebelum rilis data manufaktur pada hari Rabu. Shanghai Composite Index tergelincir 0,1 persen ke level 3,154.64 pada pukul 09:34 pagi waktu setempat. Indeks acuan itu menguat 1,9 persen pada hari Senin di tengah spekulasi kunjungan kenegaraan Presiden Xi Jinping ke AS akan meningkatkan permintaan untuk permintaan teknologi dan industri nasional. 'Manufaktur Purchasing Managers' Index...

Most Asian Stocks Advance as Consumer, Material Companies Rally

Most Asian stocks rose, following a rebound in U.S. equities. Consumer and material shares led gains. Four shares climbed for each that fell on the MSCI Asia Pacific Excluding Japan Index, which was little changed as of 8:04 a.m. in Hong Kong. Japanese markets are closed for a holiday. U.S. stocks rose after Fed Bank of Atlanta chief Dennis Lockhart joined Fed presidents from San Francisco, St Louis and Richmond on Monday, saying he remains...

U.S. Shares Rise After Selloff Amid Optimism on Domestic Growth

U.S. shares advanced, following a two-day selloff, as investors took an optimistic view on domestic growth amid reassuring comments from Federal Reserve policy makers. The Standard & Poor’s 500 Index added 0.5 percent to 1,967.15 at 4 p.m. in New York, after briefly erasing a 1.1 percent gain. The gauge fell a combined 1.9 percent over Thursday and Friday. Just days after...