Oil Futures End Lower After Three Session Climb

Oil futures settled lower Wednesday, putting an end to a streak of gains that spanned three sessions, after data revealed that U.S. crude supplies rose by a much-bigger-than-expected 6.6 million barrels for the week ended April 8. Prices, however, finished above the session's lows, finding support from a decline in U.S. oil production and strong demand for gasoline. May WTI crude fell 41 cents, or 1%, to settle at $41.76 a barrel...

Gold Drops From Three-Week High as Dollar, Global Equities Rally

Gold fell from the highest in more than three weeks as gains in global equities and the dollar reduced demand for the metal as a haven. Gold futures for June delivery slid 1 percent to settle at $1,248.30 an ounce at 1:50 p.m. on the Comex in New York. The metal capped its first loss in five sessions after reaching $1,264.70 on Tuesday, the highest since March 18. Holdings in exchange-traded funds backed by gold climbed 1.3...

Japan Stocks Rise Third Day as Weakening Yen Boosts Exporters

Japanese shares rose for a third day as the yen weakened to the lowest level in a week, boosting the outlook for export earnings. The Topix index advanced 1.4 percent to 1,350.63 at 9:01 a.m. in Tokyo, adding to Wednesday’s biggest gain in six weeks. Fourteen shares rose for each that fell. The Nikkei 225 Stock Average added 1.4 percent to 16,607.91. The yen traded at 109.42 per dollar, weakening for a third day after climbing on Monday...

Hong Kong Shares Surge in Response to Upbeat China Trade Data

Hong Kong shares had their best day in two months on Wednesday, with resources shares leading main indexes up more than 3 percent to three-month highs after upbeat China trade data offered fresh signs of economic stability.The Hang Seng index rose 3.2 percent, to 21,158.71, while the China Enterprises Index gained 4.0 percent, to 9,191.49 points.China's March exports came in higher than forecast, rising 11.5 pct from a year earlier, the...

U.S. Stocks Climb to Four-Month High After JPMorgan Results

U.S. stocks extended gains a second day to reach the highest in four months, buoyed by improving Chinese trade data and better-than-expected results from JPMorgan Chase & Co., the biggest U.S. lender by assets. JPMorgan advanced 4.2 percent after reporting first-quarter profit was boosted by pay cuts and trading revenue that declined less than most analysts predicted. Bank of America Corp., Wells Fargo & Co. and Citigroup Inc.,...