HONG KONG, Sept 23 (Reuters) - Asian shares moved higher on Thursday, supported by some positive news from struggling developer China Evergrande Group (3333.HK), while the dollar held near a one-month top after the U.S. Federal Reserve took a hawkish tilt overnight.
MELBOURNE, Sept 23 (Reuters) - Oil prices rose on Thursday, extending strong gains overnight with fuel demand growing and crude stocks declining as production remains hampered in the U.S. Gulf of Mexico after two hurricanes.
SINGAPORE (Reuters) - The dollar hit its highest in a month on Thursday and pressed the euro towards major support levels, after the Federal Reserve set the stage for rate hikes next year -- far sooner than its developed market peers are expected to move.
Refer to the updates from member countries, the outlook for world demand on natural rubber (NR) is estimated to grow by 9.3%, on a year-to-year basis, to 14.100 million tonnes in 2021. The revised outlook is attributed to a better anticipated demand from China, India, Thailand and Viet Nam during the year. While the world production revised to 13.860 million tonnes with 2.0% growth as compared to the previous year. Apart from the market fundamental in NR, physical rubber prices were also influenced by other external factors such as development in oil sector, inventories in regional futures markets, strength of exporting NR countries and any other regional political developments.
SINGAPORE (Reuters) - Stocks found support and U.S. futures lifted in relief on Wednesday after teetering developer China Evergrande said it would pay some bond interest due on Thursday, allaying fears of an imminent and messy collapse that had spooked investors.
TOKYO, Sept 22 (Reuters) - The dollar held below a near one-month high on Wednesday as investors focused on two key risks -- a default by Chinese property developer Evergrande and the expected pace of U.S. monetary policy tightening.
