Oil Gains After Dropping Below $30 Before U.S. Stockpile Data

Oil rose before weekly U.S. stockpile data, snapping a three-day losing streak that had pushed prices to close below $30 a barrel. Futures climbed as much as 2.1 percent in New York after dropping 3.9 percent Monday. Inventories probably expanded by 3.2 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report Wednesday. North American oil and natural gas drillers will need to cut...

old Tops $1,200 for First Time Since June as Haven Demand Rises

Gold surged above $1,200 an ounce for the first time since June, extending a rally that’s made the metal the best performing commodity this year, as a global share rout spurs haven demand. Bullion for immediate delivery gained as much as 0.4 percent to $1,193.53, and traded at $1,191.02 at 8:16 a.m. in Singapore, according to Bloomberg generic pricing. On Monday, the metal jumped to $1,200.97, the highest since June 22, as producers’...

Asian Stocks dumped for safe havens as bank fears flare

Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets. As fear overwhelmed greed, yields on longer-term U.S. Treasury debt hit one-year lows as bond prices rose, the yen surged to a 15-month peak and gold reached its most precious since June. The jump in the yen piled further pressure on Japan's Nikkei .N225 which sank 3.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent,...

Japanese Stocks Fall Amid Global Equity Selloff, Stronger Yen

Japanese stocks fell amid a global equity selloff and after the yen surged to the highest level against the dollar in more than a year, undermining the profit outlook for the nation’s exporters. The Topix index dropped 2 percent to 1,352.86 as of 9:01 a.m. in Tokyo, as all of its 33 industry groups declined, led by shippers and energy stocks. The Nikkei 225 Stock Average lost 2 percent to 16,667.72. The yen traded at 115.55 per dollar...

U.S. Stocks Decline With Nasdaq Composite Index at 15-Month Low

U.S. stocks dropped as European markets tumbled and oil fell for a third day, as the rout that sent the Nasdaq Composite Index to its lowest level since October 2014 deepened. The Standard & Poor’s 500 Index dropped 1.3 percent to 1,855.91 at 9:33 a.m. in New York, after falling 3.1 percent last week. The Nasdaq Composite Index lost 1.8 percent. West Texas Intermediate crude futures sank 1.8 percent, after losing more than 4 percent...