Global markets digest mixed economic signals as oil prices fall
Stock markets react to weaker Chinese oil demand, Japan's deadly earthquake, and mixed economic data from major economies.
China's oil imports have declined sharply, contributing to another sharp fall in oil prices. Japan has been struck by a deadly earthquake. Economic data from the United States has been underwhelming, while Malaysia's producer price index has jumped and Singapore's birthrate has fallen. The Australian CPI and US Treasury yields are being watched closely.
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interest.co.nz
Breakfast briefing: Learning to live with less oil
China imports sharply less oil; US data ho-hum; Japan gets deadly quake; Malaysia PPI jumps; Singapore birthrate dives; eyes on Australian CPI; UST 10yr at 4.60%; gold down; oil falls sharply again; NZ$1 = 57.9 USc; TWI-5 = 61.8