Dollar weakens against euro, yen after Fed minutes

The dollar edged lower against the euro and yen Wednesday after minutes from the Federal Reserve’s January meeting suggested that the central bank will leave interest rates on hold at its March meeting. The ICE U.S. dollar a measure of the buck’s strength against a basket of six rival currencies, was down 0.1% at 96.8270. The dollar weakened to ¥113.88, from ¥114.23 late Tuesday; the euro strengthened to $1.1148, compared with $1.1128. The ...

Oil Futures End Sharply Higher After Iran Comments

Oil futures ended sharply higher Wednesday, rallying despite a mixed message from Iran's oil minister over a proposed production freeze by major producers. West Texas Intermediate crude for March delivery jumped $1.62, or 5.6%, to end at $30.66 a barrel. Iran's oil minister didn't commit to a production freeze after a meeting with some Organization of the Petroleum Exporting Countries counterparts, but praised a proposed freeze...

Hong Kong Stock Rally Peters Out as Energy Shares Fall (Riview)

Hong Kong stocks lost ground on Wednesday as a two-day solid rally petered out, thanks in part to slumping energy shares that dragged down the market. The Hang Seng index fell 1.0 percent, to 18,924.57, while the China Enterprises Index lost 1.2 percent, to 7,928.76 points. An index tracking energy stocks tanked 3.2 percent, as investors, who had bet on a cut in global oil production, gave a lukewarm response to a potential deal...

U.S. Stocks Rally as Hardest-Hit Shares in 2016 Continue Rebound

U.S. stocks rallied, with the Dow Jones Industrial Average rising more than 250 points, as the year’s most-battered shares continued to recover and energy shares climbed with oil prices. The Standard & Poor’s 500 Index rose 1.6 percent to 1,926.70 at 4 p.m. in New York, capping its first three-day advance this year and closing at a two-week high. West Texas Intermediate crude futures surged, briefly topped $31 a barrel. Equity...

Stocks Rally With Oil as Risk Assets Rebound; Treasuries Retreat

Stocks rallied as investors piled into risk assets, sending emerging-market currencies and shares higher after a weakening yuan triggered losses in Asian markets. Crude rose to above $30 a barrel. The Standard & Poor’s 500 Index climbed for a third day, headed for its longest winning streak of the year, as the benchmark continued to rebound from the lowest level in 22 months last week. Shares in Europe rose as companies including...