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On Tuesday, copper was steady as the United States dollar held near a one-month low and world equities rose. This was after Federal Reserve Chairman Ben Bernanke signaled the ultra-loose monetary policy of the country will continue.
All of the oil and natural gas assets of Three Rivers Operating Company LLC, a portfolio company of private equity firm Riverstone Holdings LLC would be purchased by Concho Resources Inc (CXO.N) for $1 billion in cash.
On Friday, the United States dollar fell against the single currency, euro, and the Japanese yen after lower-than-expected U.S. jobs figures bolstered views the Federal Reserve may yet ease the policy further for boosting the economy.
After data showed U.S. nonfarm payrolls rose by 120,000 in March, far lower than the 203,000 expected in a Reuters’ survey, the dollar reversed early gains against the euro.
On Monday, the Dow Jones Industrial Average and S&P 500 end lower for four days s investors took their cues from the disappointing jobs report last week that prompted fresh concerns about the U.S. economy's recovery.
In the month of March, China returned to an export-led trade surplus of $5.35 billion. This indicated that a rebound in the global economy is lifting overseas orders just in time for compensating for a domestic demand slowdown.
The surprise return to surplus from $31.5 billion deficit of February confounded expectations that trade may remain $1.3 billion in the red, with a solid 10.4 percent year-on-year bounce in sales to the U.S. assisting exports grow faster than expected, according to customs data.
On Monday, global stocks and crude oil fell as investors reacted to the surprisingly sharp slowdown in U.S. jobs growth that was reported a week ago. The data raised concerns about the strength of the largest economy of the world, the United States of America.
On April 6, stock futures closed lower in brief and holiday-thinned trading after a much weaker-than-expected U.S. job growth for March report. S&P 500 futures fell 1.2 percent to suggest a weak open on Monday as the cash market is closed on Friday.
On Friday, U.S. employment figures fell short of expectations that may mean world stock markets will fall next week and safe-haven government debt prices may rally.
After U.S. payrolls grew by 120,000 in March, far below the expected gain of 203,000 jobs, U.S. stock futures fell more than 1 percent and Treasuries prices rallied.
For a third straight session on Friday, Japan's Nikkei share average fell as investors pocketed gains from the strongest first quarter rally in 24 years as the market waited on key global events next week for direction.
A Reuters’ survey found on Friday that OPEC oil output has risen to its highest in the month of March since October 2008 as higher supply from Iraq and further recovery in Libya's production offset a drop in shipments from Iran.
OPEC officials and analysts found that supply from the 12 members of the Organization of the Petroleum Exporting Countries has averaged 31.26 million barrels per day (bpd), up from 31.16 million bpd in February.