Gold Declines for Third Day as Dollar Stabilizes, Hurting Demand

Gold dropped for a third day as the dollar stabilized after a slump sparked by the Federal Reserve paring its interest-rate outlook for 2016. Bullion for immediate delivery declined as much as 0.4 percent to $1,250.99 an ounce and was at $1,251.60 at 9:50 a.m. in Singapore, according to Bloomberg generic pricing. The metal fell a combined 0.6 percent on Thursday and Friday. Gold has risen 18 percent this year, buoyed by speculation...

Oil Extends Drop as Dollar Stabilizes While Asian Stocks Advance

Crude oil fell, extending declines below $40 a barrel as the dollar reasserted itself following last week’s selloff and data showed the first increase this year in the U.S. rig count. Most Asian stocks climbed with markets in Japan closed for a holiday. West Texas Intermediate oil neared $39, extending losses from Friday that knocked the Bloomberg Commodity Index from a three-month high. The New Zealand dollar weakened with...

China Stocks Head for Longest Winning Streak in 10 Months

China’s stocks rose for a seventh day, sending the benchmark index toward its longest stretch of gains since May, after policy makers loosened controls on margin lending. The Shanghai Composite Index climbed 0.8 percent, led by brokerages and technology companies. China Securities Finance Corp., the state-backed agency that provides funding to brokerages for margin trading, said late Friday it will restart offering loans to...

Asian stocks ease as investors wary after oil drops

Asian stocks took a step back on Monday after three consecutive weeks of gains as a retreat in oil prices left investors in a ponderous mood about the health of the global economy. The MSCI Asia Pacific excluding Japan Index declined 0.4 percent to 412.76 as of 9:35 a.m. in Hong Kong.  Japanese markets are closed for a holiday. More than $4 trillion has been added to the value of global equities this month as stimulus efforts from...

Hong Kong shares end higher, gain 2.3 pct on week

Hong Kong shares rose on Friday, buoyed by gains in mainland China shares which were boosted by easing fears of capital outflows as the dollar weakened. The Hang Seng index rose 0.8 percent to 20,671.63 points, while the China Enterprises Index gained 1.2 percent to 8,883.01. Total trading volume of companies included in the HSI index was 2.2 billion shares. For the week, the Hang Seng was up 2.3 percent. Source : reuter...