European stocks turned lower on Thursday

Note: This section contains information in English only.
Source: Bloomberg

On Thursday, August 2, European stock turned lower as Mario Draghi's comments failed to meet markets expectation. The Stoxx Europe 600 Index tumbled 0.8 per cent to 260.45 during today's London trading session. At the same time, the U.K.'s FTSE 100 Index declined by 0.6 per cent, Germany's DAX Index erased 1.4 per cent and France's CAC 40 Index fell by 1.6 per cent.

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Thu, 02 Aug 2012 17:28:57 GMT

U.S. factory orders tumbled unexpectedly

According to the Commerce Department's report, the number of order to U.S. factories unexpectedly fell in June, signalizing that demand for business equipment in the world's biggest economy contracted. After adding 0.5 per cent in May, the bookings tumbled by 0.5 per cent; while demand for durable goods increased by 1.3 per cent. At the same time, factory inventories rose by 0.1 per cent, while

Fri, 03 Aug 2012 15:54:19 GMT

Oil tumbles as Draghi offers no plan

Mario Draghi disappointed markets by providing no action plan to save the Euro, what caused the depreciation of oil on Thursday. Crude oil with September contract fell by 2 per cent, to $87.12 per barrel, before it was stuck for movement in anticipation of ECB's meeting.  European leaders failed to meet expectations of markets, after pledging their commitment to protect the Eurozone.

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