Global Markets

Asian shares take cue from Wall Street's rally

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TOKYO - Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday as oil prices recovered, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations.

Brent crude climbs toward $63 amid stronger Asian markets

SINGAPORE - Brent crude futures rose more than 2 percent toward $63 a barrel on Monday as Asian markets firmed into a holiday-shortened week and consensus spread that prices would likely remain above $60 for the rest of the year.

7:59am GMT

Saudi Arabia says won't cut oil output

ABU DHABI - Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

3:41am GMT

Euro shaky on ECB and Greece, dollar keeps edge

SYDNEY/TOKYO - The euro probed fresh two-year lows early on Monday in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar that many traders say will remain intact in the new year.

2:24am GMT

U.S. gas prices fall to lowest since May 2009: Lundberg survey

NEW YORK - The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday.

21 Dec 2014

UK firms expect to offer a bit more pay in 2015: CBI

LONDON - British companies plan to cautiously relax their grip on pay in 2015, but rises will be limited by higher costs for holiday pay and workplace pensions, as well as weak productivity growth, the Confederation of British Industry said on Monday.

12:40am GMT
World Markets

Neste Oil outperforms as European shares climb higher

LONDON, Dec 22 - European stock markets rose on Monday, tracking gains in Asian and U.S. equity markets, while Finland's Neste Oil outperformed after raising its guidance.

US STOCKS-Wall St up for 3rd day, led by energy shares

* Indexes up: Dow 0.15 pct, S&P 500 0.46 pct, Nasdaq 0.36 pct

Neste Oil outperforms as European shares climb higher

LONDON, Dec 22 - European stock markets rose on Monday, tracking gains in Asian and U.S. equity markets, while Finland's Neste Oil outperformed after raising its guidance.

Nikkei closes at 2 week-high on oil rebound; Showa Shell soars on M&A report

By Thomas Wilson TOKYO, Dec 22 - Japanese stocks advanced on Monday as rebounding crude prices underpinned oil-related shares. The Nikkei benchmark ticked up 0.1 percent to end the day at 17,635.14, its highest closing level since Dec. 9. The Tokyo Stock Exchange oil and coal products companies subindex starred, gaining 8.4 percent as oil staunched its recent losses. U.S. crude added 1.4 percent to $57.88 a barrel. Oil refiner Showa Shell Sekiyu soared 27.7 percent

Hong Kong shares rise robustly on signs of market stability

HONG KONG, Dec 22 - Hong Kong shares produced solid gains on Monday, underpinned by gains in mainland markets plus stability in crude oil prices and the Russian ruble.

8:05am GMT
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