Singapore reviews inflation forecasts as core prices near 8-year high
Singapore is reviewing its official inflation forecasts, authorities said on Monday, after data showed its key price gauge climbed in December by the fastest pace in nearly eight years, driven by a steep increase in air fares.
Oil highest since 2014 as Turkey outage adds to tight supply outlook
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
Risk of central bank hikes prompts investors to shun tech – surveys
High-flying tech stocks, the darling of the pandemic, are the most shunned counters in the opening weeks of 2022 as investors see a flurry of rate hikes from central banks as the top risk to markets, investor surveys said on Tuesday.
Indonesia Dec trade surplus at $1 bln, well below forecast
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
Oil slips from one-month high after U.S. fuel inventory surge
Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand.
Oil prices head for weekly loss on Omicron coronavirus uncertainty
Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
U.S. & European stock futures rise, oil bounces
U.S. and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
Global need for copper, nickel will multiply over next 30 years -BHP
The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group (BHP.AX) executive said on Wednesday.
Indonesia Aug exports, imports seen staying strong on resources boom
Indonesia’s exports and imports likely continued to surge in August, driven by high prices of the country’s main commodities like coal and palm oil, a Reuters poll showed on Tuesday.
Asia stocks in cautious mood, dollar near 1-mth lows
Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.
