Crude oil fell for a second day, extending declines below US$40 a barrel as the dollar reasserted itself following last week's selloff and data showed the first increase this year in the number of US rigs.
West Texas Intermediate oil neared US$39, after its retreat on Friday with industrial metals knocked the Bloomberg Commodity Index from a three-month high.
The New Zealand dollar weakened with Canada's currency and Australia's dollar flirted with a a second day of declines after the greenback snapped a slump Friday that was sparked by the Federal Reserve paring its interest-rate outlook for 2016.
Shares in Sydney fluctuated as futures in Hong Kong and Korea signaled gains. Markets in Japan are closed on Monday for a holiday.
More than US$4 trillion ($5.4 trillion) has been added to the value of global equities this month as stimulus efforts from central banks couple with an oil-driven rally in commodities to burnish investor sentiment.
The Standard & Poor's 500 Index returned to levels last seen at the end of 2015 on Friday, erasing its worst ever start to a year, while signs policy makers will continue to support economies with unprecedented easing helped propel developing-country stocks more than 20 per cent higher from a low reached in January.
China said Friday it will loosen controls around margin trading, a sign concern over stock-market volatility there has faded.
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West Texas Intermediate oil neared US$39, after its retreat on Friday with industrial metals knocked the Bloomberg Commodity Index from a three-month high.
The New Zealand dollar weakened with Canada's currency and Australia's dollar flirted with a a second day of declines after the greenback snapped a slump Friday that was sparked by the Federal Reserve paring its interest-rate outlook for 2016.
Shares in Sydney fluctuated as futures in Hong Kong and Korea signaled gains. Markets in Japan are closed on Monday for a holiday.
More than US$4 trillion ($5.4 trillion) has been added to the value of global equities this month as stimulus efforts from central banks couple with an oil-driven rally in commodities to burnish investor sentiment.
The Standard & Poor's 500 Index returned to levels last seen at the end of 2015 on Friday, erasing its worst ever start to a year, while signs policy makers will continue to support economies with unprecedented easing helped propel developing-country stocks more than 20 per cent higher from a low reached in January.
China said Friday it will loosen controls around margin trading, a sign concern over stock-market volatility there has faded.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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