Headline
** Election robbery system is not election: Situation calls for immediate change of govt ** Uncontrolled rice price hike hits poor, fixed income people ** Tea garden workers go on strike for wage hike ** Apparel exporters oppose 35pc hike in ICD charges ** Europe’s heatwaves, droughts put focus on climate change risks ** Pharma industry needs to face post-LDC challenges ** Bangladesh reports zero Covid death, 144 new cases ** Bangladesh strongly rejects visible ‘politically motivated efforts’ ** FBI took top secret files from Mar-a-Lago ** Last survivor of Uttara scrap shop fire dies ** 6 held over bus robbery in N’ganj The bus used to work as transport in the day and robbed at night: RAB ** US, Indonesia, Australia hold drills amid China concerns ** Hubby ‘confesses’ to killing female doctor in a hotel ** Cox's Bazar, the world's longest sea beach is under threat of erosion due to abnormal rise in water level during tidal surge. ** People in Bangladesh are living in heaven: FM ** Low-lying areas of 15 coastal districts face flood risk ** Govt takes austerity measures to save more electricity ** BD reports two more Covid deaths, 218 cases ** Dhaka, Delhi agree to strengthen defence coop ** Where BPC's Tk 46,858cr profits went? Experts and stakeholders ask government ** Govt fixes different weekly holidays for industrial belts ** BNP stages massive demo protesting fuel price hike ** HC wants to know authenticity of Swiss ambassador's statement over govt's step seeking info from Swiss banks ** Cabinet directs energy division to explain fuel price hike ** Weak fiscal situation is main villain of our economy: Debapriya **

Most Asian markets up as oil drops, eyes on Taiwan and US jobs

06 August 2022


BSS :
Asian equities mostly rose Friday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and central bank interest rate hikes, while focus turns to key US jobs data later in the day.
However, while markets have enjoyed a broadly positive week, optimism remains at a premium as traders fret over issues including the conflict in Eastern Europe, China's military drills around Taiwan and a possible global recession.
Crude edged up but expectations that economies will contract -- dampening demand -- have sent the commodity tumbling more than 10 percent this week, with US data indicating Americans were driving less now than in summer 2020 at the height of the pandemic.

Add Rate