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Copper headed for the biggest weekly loss since May as high energy costs and a stronger dollar threatened to curb demand.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
NEW YORK: Oil prices jumped on Thursday and settled up more than $4 a barrel, after a report said the US was sending more troops and carriers to the Middle East and China suspended oil products exports, stoking fears that global fuel shortages could worsen.
SINGAPORE: The US dollar headed for its third straight week of gains on Friday , perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary fears over higher oil prices .
The bank is set to enjoy the biggest boost from improving Singdollar interest rates
MSCI’s Asia Pacific equities gauge slips 0.4% after Wall Street benchmarks eked out a modest gain
The EUR/USD pair declines to around 1.1235 during the Asian trading hours on Friday. The Euro (EUR) extends its downside on French fiscal concerns. The US jobs report for September will take center stage later on Friday.
