** 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

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.

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