• MTS Economic News_20170515

    15 May 2017 | Economic News


• The dollar rose 0.1 percent to 113.39 yen, failing to make up most of Friday's 0.5 percent loss.

The dollar index, which tracks the greenback against a basket of major trade-weighted peers, pulled back 0.1 percent to 99.151.

The euro was little changed on Monday at $1.093, holding Friday's 0.7 percent gain

• Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mails.

The ransomware that has locked up more than 200,000 computers in more than 150 countries has been mainly spread by e-mail, hitting factories, hospitals, shops and schools worldwide.

• China's factory output and fixed asset investment growth cooled more than expected in April, adding to signs that momentum in the world's second-biggest economy is slowing from a strong start in the first quarter.

Factory output rose 6.5 percent in April from a year earlier, while fixed-asset investment grew 8.9 percent in the first four months of the year, both worse than expectations.

• The need for an EU-China investment agreement is urgent and would be the easiest way for Chinese President Xi Jinping to meet pledges of making China's economy open to the world, European Commission Vice President Jyrki Katainen said on Monday.

• Oil prices jumped 2 percent on Monday after the energy ministers of the world's two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until March 2018.

Brent crude was at $51.88 per barrel at 0655 GMT, up $1.04, or 2.1 percent, from its last close at a level last seen in early May.

U.S. West Texas Intermediate (WTI) crude was at $48.85 per barrel, up $1.01, or 2.1 percent.


Reference: Reuters
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