Nikkei slumps as soft industrial ouput data, Fed rate view sour mood *Fujitsu outperforms after brokerage rating hike. TOKYO, Aug 31- Japanese stocks skidded on Monday morning, hurt by soft domestic industrial output data and concerns the U.S. Federal Reserve might yet raise interest rates next month even as anxiety over a China- led global economic slowdown persists.
| By: Ayai Tomisawa
PRECIOUS-Gold slips as U.S. rate hike expectations drag MANILA, Aug 31- Gold edged lower on Monday, stretching last week's losses on concern that the Federal Reserve is on course to raise interest rates this year despite recent market turmoil. *Spot gold was down 0.2 percent at $1,131.30 an ounce by 0107 GMT, after dropping more than 2 percent last week in its steepest decline in five weeks. *But hedge funds and money...
GRAINS-Soybeans fall, set to post monthly losses of 6.5 pct SYDNEY, Aug 31- U.S. soybeans fell on Monday, with the oilseed poised to record a monthly loss of more than 6.5 percent after coming under pressure from a potential slowdown in Chinese demand and ample global supplies. *Soybeans draw some support on concerns over dry weather in Midwest. *Egypt's state grain buyer booked 55,000 tonnes of Ukrainian wheat in an...
NYMEX-Oil prices fall on U.S. interest rate comments *Some 31 U.S. senators have pledged to support the nuclear deal with Iran ahead of a Congressional vote by Sept. 17, moving President Barack Obama a step closer to having sufficient backing to ensure the deal stands. *Libya's National Oil Company and Central Bank chairmen met 26 oil majors including BP and ExxonMobil at meetings in London last week in a renewed...
Asia gears up for a busy week ahead CNBC's Christine Tan takes you through this week's key risk events in Asia, including China's purchasing manager's index (PMI) and growth reports from India and Australia.
Business events scheduled for the coming month WASHINGTON- Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON- Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..
Source: The Associated Press
| By: By The Associated Press