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TOKYO: The dollar extended gains against the yen and euro on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed support for an interest rate hike in September.
NEW YORK: Even as record highs last week in the major US stock indexes telegraph confidence on Wall Street, caution abounds in other US markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, but the market anticipated the local notes to trade a shade higher, heading towards the 4.12 level.
LONDON: European shares closed at their highest in more than a year on Thursday as Italian stocks surged on relief that Rome had avoided European Union disciplinary action and rising expectations of looser monetary policy by major central bank. US markets were closed.
SYDNEY: Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles.
NEW YORK: U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.
LONDON: There will be no chance of a summer break for investors or policymakers in coming days as they brace for what might be the busiest week for the world economy this year.