News

SINGAPORE: Crude oil prices fell on Monday after US unions called a refinery strike and traders cashed in on strong price gains last week when the market soared on a sharp drop in US drilling. Despite the decline, analysts said that record open interest – the Read More

Disappointing economic data out of the US, China and Europe have propelled Australian bond futures prices higher. Official figures show that US economic growth slowed to 2.6 per cent in the December quarter, as imports surged and government spending dwindled. Meanwhile, eurozone consumer prices fell by a record 0.6 per cent in January, confirming deflation Read More

Gold futures rose Friday, capping the biggest monthly gain in three years, after US government data showed the economy expanded at a slower pace than forecast in the fourth quarter, reigniting demand for the metal as a haven.A widening trade gap limited expansion for gross domestic product as imports climbed three times faster than exports, Read More

U.S. stock-index futures signaled a lower open on Friday, after the first estimate of how much the U.S. economy grew in the final quarter of 2014 and more fourth-quarter earnings reports.The fourth-quarter GDP estimate The Chicago Purchasing Managers’ Index is due at 9:45 a.m. Eastern, followed by the final reading of the University of Michigan’s Read More

After a strong rally Thursday, U.S. stock futures fell Friday ahead of GDP data that are expected to show a slowdown in Q4 from Q3. At 8:30 a.m., data is expected to show U.S. real gross domestic product rose 3.2% in Q4 compared to 5.0% growth in Q3. The consensus range is between 2.2% Read More

New York (AFP) – Oil prices closed higher Thursday after a volatile session that saw the New York price drop below $ 44 a barrel for the first time since March 2009. While the market remained worried about the global glut of crude, the US benchmark futures contract, West Texas Intermediate (WTI) for March delivery, Read More