Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed.
As the Energy Information Administration reports that U.S. crude supply hits the highest level in 88 years, OPEC is still trying to get its act together.
Oil prices are mostly lower heading into this morning’s U.S. trading session with the complex heading for the third weekly loss in a row.
After Monday’s big dollar-bullish move, the foreign exchange market has been relatively mixed over the last 48 hours, not coincidentally mirroring the uncertainty traders are feeling toward future Federal Reserve policy.
After starting out on the back foot, so-called “risk markets” have found their bullish stride heading into afternoon U.S. trade.
A six week winning streak in U.S. indices is on course to come to an abrupt end on Friday as this weeks’ commodity rout, likely combined with some profit taking in the absence of too much data, takes its toll.
U.S. business inventories unexpectedly rose in September amid flat sales, suggesting the government's third-quarter economic growth estimate could be revised higher later this month.
EURUSD fell sharply lower in the last few weeks with accelerating price action which confirms a continuation of a downtrend.

Volkswagen AG took new steps on Monday to appease U.S.

A rise in new orders offered hope for a sector buffeted by a strong dollar and relentless spending cuts by energy companies.