Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains. Brent crude futures fell 1%, or 41 cents, to $39.38 a barrel as of 0157 GMT. U.S. West Texas Intermediate crude futures fell 1.6%, or 61 cents, to $36.68 a barrel.
Many people in Hong Kong plan to commemorate the bloody 1989 crackdown by Chinese troops in and around Tiananmen Square by lighting candles across the city on Thursday, circumventing a ban on the usual public gathering amid the coronavirus pandemic.
More than three out of four U.S. human resource executives think more employees will continue to work from home even after the threat of the novel coronavirus subsides, according to a survey by a large business association released on Wednesday.
U.S. soybeans held steady on Thursday, as signs of strong Chinese demand kept prices at a three-week high. FUNDAMENTALS. * The most active soybean futures on the Chicago Board Of Trade steady at $8.57-1/4 a bushel by 0123 GMT, after gaining 0.8% on Wednesday when prices hit a May 12 high of $8.58 a bushel.
* Euro at highest since mid-March vs dollar. * ECB widely expected to expand bond buying. * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. By Hideyuki Sano. The euro held near multi-month highs against rival majors Thursday on expectations the European Central Bank will expand its bond buying programme later in the day to shore up the coronavirus-stricken economy.
The chief executive of Pilgrim's Pride Corp (PPC), a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
A fading of the U.S. dollar's allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months. Most major and emerging market currencies have rallied against the greenback.
Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus. E-mini futures for the S&P 500 were up 0.05% and Australian S&P/ASX 200 futures rose 1.23% in early trading. The safe-have U.S. dollar continued to fall.
Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus. E-mini futures for the S&P 500 were up 0.05% and Australian S&P/ASX 200 futures rose 1.23% in early trading. The safe-have U.S. dollar continued to fall.
* Stock futures up. * Global stock index queued for eighth daily gain. * Dollar slides as risk appetite continues. * Brent crude flits with $40 for first time since March. By David Henry. Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus.
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