Here is a synopsis of what others are talking about today:
Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12-year lows helped soothe skittish markets.
Oil prices rose for a second session on Friday, moving further away from 12-year lows plumbed earlier this week, as cold U.S. and European weather as well as firmer financial markets gave some traders reason to cash in on record short positions.
Billionaire investor George Soros said China’s economy is headed for a hard landing, a slump that will worsen global deflationary pressures, drag down stocks and boost U.S. government bonds.
The global iron ore trade may be disrupted after Vale SA, the world’s largest producer, was ordered by a Brazilian court to temporarily close one of its main ports following alleged environmental breaches. Futures for the raw material in Asia surged along with miners’ shares.
Global markets are witnessing a risk-off phase with global oil prices at over a decade low. In an interview to Bloomberg TV India, Ambit Investment Advisors CEO Andrew Holland says some stability in the commodity prices may be on the cards.
Low oil prices have pushed top exporter Saudi Arabia to hasten difficult economic reforms and cut spending on popular benefits, but it has few options beyond sticking with a strategy to defend its market share – no matter how low prices sink.