A majority of rich investors expect a significant drop in markets before the end of next year, and 25 per cent of their average assets are currently in cash, according to a survey of more than 3,400 global respondents.
US West Texas Intermediate (WTI) crude was down 18 cents, or 0.3 per cent, at $56.68 a barrel. The contract dropped 0.7 per cent in the previous session. Brent crude futures were down 14 cents, or 0.2 per cent, at $62.04 a barrel by 0256 GMT, after falling 0.5 per cent on Monday.
Indian and Pakistan bonds and currencies fell and MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.15 percent as the threat of conflict between the nuclear-armed neighbours grew.
New Delhi, Jan 07 (ANI): Economic Affairs Secretary Shaktikanta Das on Thursday said the new normal in global economy is uncertainty. He said that China seems to be moving towards market linked pricing of the Yuan. He also stated that YMF has accepted Yuan as a reserved currency. China devalued the Yuan in a move that rippled through global markets. As policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.