TOKYO — Yields on Japanese government bonds slipped on Tuesday, as sentiment was weighed by uncertainty over U.S. stimulus talks and the global economic outlook due to a surge in coronavirus cases. Benchmark 10-year JGB futures rose 0.1 point to 152.03, with a trading volume of 13,091 lots, while the 10-year JGB yield fell half […]
Asia’s crude demand ex-China shows tentative recovery signs: Russell
LAUNCESTON — There are emerging signs that crude oil demand is gradually recovering in major Asian countries outside China, a key pre-condition to sustaining any bullish view of the market. While China’s crude imports have been record-breaking, with the five highest months being the May to September period, the rest of Asia has struggled amid […]
Malaysian shares recover, ringgit steady as political tensions ease
Malaysian shares rose on Tuesday as political tensions eased after the largest party in the ruling coalition declared its support for the prime minister, providing some respite for the premier, who has faced calls to resign. Most other Asian stock indices were firmly in the red, as soaring global coronavirus cases threatened to derail a […]
China shares fall as industrial profit growth slows
SHANGHAI — Chinese A-shares fell on Tuesday, weighed by industrial and consumer staple firms, after data showed a slowdown in industrial profit growth in September. ** At the midday break, the Shanghai Composite index was down 0.37% at 3,239.03 points. ** China’s blue-chip CSI300 index fell 0.33%, with its industrial sector sub-index down 0.87%. Financial […]
Oil steadies, but outlook gloomy as coronavirus cases, supply grow
TOKYO — Oil prices eked out small gains on Tuesday after recent sharp losses, but sentiment remained subdued as a surge in global coronavirus cases hit prospects for crude demand while supply is rising. Brent crude was up 19 cents, or 0.5%, at $40.65 a barrel by 0324 GMT. U.S. oil gained 15 cents, or […]
Japanese shares trim early losses as upbeat earnings lift Canon
TOKYO — Japanese shares pared early losses on Tuesday as strong earnings from camera and copy machine maker Canon helped counter weakness in travel and real estate stocks following a lower finish on Wall Street. After dropping as much as 1.1% in early trade, the Nikkei share average was down 0.28% at 23,428.70 by the […]
Copper dips on virus fears, U.S stimulus aid uncertainty
Copper prices fell on Tuesday following caution over surging global cases of COVID-19 and the uncertainty around a new U.S stimulus package ahead of the presidential election. The United States, Russia, France and many other countries set records for daily infections, while a much-awaited U.S. stimulus was yet to be agreed. Investors also stayed on […]
Wheat up as USDA cuts crop rating, but rain forecasts cap gains
SINGAPORE — Chicago wheat futures edged higher on Tuesday after a U.S. report pegged the condition of the country’s crop below forecasts, although the gains were capped on expectations of rain in key exporting regions in the Northern Hemisphere. Soybeans slid for the first time in seven sessions and corn also lost ground. “Weather forecasters […]
Wheat firms as USDA crop report stokes fears about global output
SYDNEY — U.S. wheat futures edged higher on Tuesday on worries about global output after the U.S. Department of Agriculture pegged the condition of the country’s crop below market forecasts. FUNDAMENTALS * The most-active wheat futures on the Chicago Board of Trade were up 0.1% at $6.20-1/2 a bushel by 0131 GMT, having closed down […]
Oil selloff pauses, but outlook shaky on surging coronavirus cases, supply woes
TOKYO — Oil prices regained a semblance of stability on Tuesday after suffering sharp losses over the previous session and last week, as a resurgence of coronavirus cases globally hit prospects for crude demand while increasing supply also hurt sentiment. The gloomy backdrop is set to keep prices under pressure over the coming day. In […]