Oil stabilises as PBoC calms markets

Note: This section contains information in English only.
Source: WBP Online
Crude futures were treading water on Wednesday, as the PBoC lowered rates in order to help the slowing economy and calm down the recent turmoil in Chinese equities. However, the concerns about a supply glut still persist, putting more pressure on oil prices. WTI failed to rise above $40 level, trading 0.14% higher at $39.44 per barrel, while Brent crude climbed 0.25% to $43.32 per barrel by 07:59 AM GMT. 
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Wed, 26 Aug 2015 09:53:04 GMT

Gold struggles after China rate cut

The yellow metal failed to hold early gains on Wednesday, despite the further decline in Chinese stocks, as investors do not consider the recent rate cut by the PBoC as a sufficient measure to boost slowing Chinese economy. Bullion was trading 0.1% lower at $1,136.10 per ounce by 08:48 AM GMT. Meanwhile, the outlook for gold prices remains cautious, as

Wed, 26 Aug 2015 08:35:06 GMT

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Stock markets showed mixed results on Wednesday, with Chinese equities extending the decline, as investors' confidence remained frail despite the fresh monetary stimulus from the PBoC. The Shanghai Composite failed to rebound and closed down 1.3%, after turning sharply lower in the final 10 minutes of trading. Elsewhere, Japan's Nikkei rose 3.2%, the Australian S&P ASX advanced 0.69%, while Hong

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