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Opec output-cut deal provides lift for equities
Business, Published on 03/10/2016
» Recap: Global stock markets see-sawed last week with news developments. The relief rally that followed the previous week's Fed meeting ebbed, but Hillary Clinton's strong performance against Donald Trump in the first US presidential debate cheered investors. Also buoying sentiment was Opec's surprise agreement to cut oil output, but worries about the health of Deutsche Bank, which faces huge US fines for dodgy business practices, capped gains. The Opec decision helped the energy-heavy Thai stock market recoup some earlier losses.
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Fed, oil and economic worries push down stocks
Business, Published on 10/08/2015
» Recap: Major global stock markets continued to fluctuate last week. The Dow Jones was pressured by underperforming company results and the growing possibility of a Fed rate increase and European bourses fell with global oil prices. Asia's large markets rose, led by gains in China and Hong Kong on growing speculation that the Beijing government would take more steps to restore shaky confidence in equities.
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