TOKYO (Reuters) - The dollar stood near three-week lows against the euro and the yen on Wednesday, after a larger-than-expected uptick in a U.S. consumer price gauge did not spark wider fears about accelerating inflation and the Federal Reserve’s tapering.
MELBOURNE (Reuters) - Oil prices rose in early trade on Wednesday, adding to overnight gains, after industry data showed U.S. oil inventories declined more than expected and OPEC raised its outlook for oil demand.
Global outlook of natural rubber (NR) supply is estimated to recover at 1.3%, year-on-year, to 910,000 tonnes in March 2021, while the global consumption projected 1.234 million tonnes, up 7.4% during the same reference period. The favourable market fundamental in NR sector have supported the price growth in futures and physical markets of NR, except Shanghai Futures Exchange.
HONG KONG (Reuters) - Asia share markets were cautious on Tuesday after U.S. markets weakened as investors anticipated the start of corporate earnings seasons and the release of key inflation data to indicate how the global recovery from the pandemic will emerge.
BEIJING (Reuters) - China’s exports in March rose 30.6% from a year earlier, lagging expectations but still showing robust growth, while imports jumped a faster-than-expected 38.1%, customs data showed on Tuesday.
TOKYO (Reuters) - The dollar hovered near a three-week low against major rivals on Tuesday, pressured by lower Treasury yields as traders awaited highly anticipated U.S. inflation data later in the global day.
