Market News

The euro fell against the dollar in Asian trading hours amid concerns over Frances fiscal and political situation.

Rising energy prices weighed U.S. stocks, which fell for a second day after the S&P 500 and Nasdaq hit records on Tuesday.

Oil futures rose sharply on concerns the U.S. might renew strikes on Iran and as Hurricane Isaias headed for the U.S. Gulf coast, shutting in production.

Plus: Africas richest man plans a refinery on a pristine coastline, Middle East oil exports are returning to normal and the Supreme Court is pondering climate lawsuits.

The Singapore dollar consolidated against its U.S. counterpart in the Asian session, but may be weighed by higher oil prices, which are typically negative for currencies of net energy-importing countries.

The Australian dollar-the Japanese yen pair may have reached its long-term ceiling, Citi Research said.

Gold edged lower in Asian trade ahead of the Federal Reserves September meeting minutes due later in the global day.

Korean equities could remain broadly rangebound near term as investor participation dwindles and memory-chip earnings momentum fades, SocGen said.

U.S. stocks were mixed, with investors flocking to safety and pushing the dollar close to an almost 18-month peak against a basket of currencies.

Oil prices were mixed in early Asian trade amid signs of attacks around the Strait of Hormuz and the G-7 crude-oil release plan.

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