Asian markets were mostly higher on Tuesday, with Chinese mainland markets up more than 2 percent and Japan shares rising after better-than-expected economic data.
Oil prices inched up toward $50 a barrel, although uncertainty ahead of an OPEC producer-group meeting later in the week was expected to cap gains.
*OPEC members unlikely to agree on cuts this week. May 30- Oil prices inched up toward $50 a barrel on Monday, although uncertainty ahead of an OPEC producer-group meeting later in the week was expected to cap gains. While OPEC has been unable to agree on an output freeze to support prices, Iraq was the latest Middle East producer to raise its export quota ahead of the...
Asian markets were mixed on Monday, as the dollar strengthened against most Asian currencies.
Markets in Asia ended mostly higher on the final trading day of the week as traders awaited direction from Fed chief Janet Yellen's comments due later.
Todd Gordon of TradingAnalysis.com explores small-cap stocks' relationship with the oil rally and makes a trade.
NEW YORK— The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Analysts say oil prices could rise further, but most have a cap around $60 to $65 a barrel. Federal Reserve Chair Janet Yellen has said lower oil prices "on net, likely boost spending and economic...
Todd Gordon of TradingAnalysis.com explores the increasingly inverse relationship between oil and small cap stocks to make a trade.
Across Asian markets, the energy sector saw gains as oil prices hit the $50-a-barrel mark for the first time since early November, but broader markets were mixed.
SHANGHAI, May 26- China stocks closed marginally higher on Thursday as late buying of large cap stocks helped equities bounce off the 2-1/ 2 month lows hit in the morning session. Data earlier this week showed China's state-owned firms' profits fell 8.4 percent year-on-year in the first four months of this year from a year earlier, while their debts surged 18...