Markets advance but still unstable over Greece

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Source: Reuters
Markets improved a bit on Monday after a week of heavy losses, but despite G8's call for euro zone to stay unite, investors are still cautious. At G8 summit leaders of industrialized economies agreed to fight financial distress and revive global economy, but they did not propose any specific actions, while for the time being the main threat is coming from European debt crisis. Greeks decided to hold new elections, 16 Spanish banks were downgraded and amount of bad loans reached a new record. As analysts add these factors up, they expect investors to stay risk averse at least till June 17, when Greeks will reelect their Parliament.

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Mon, 21 May 2012 11:25:39 GMT

Oil futures bounce back after chain of losses

Crude oil prices advanced on Monday after undergoing 6 straight days of losses, as the dollar depreciated and U.S. stock futures and some of the Asian equity markets increased. By the time of writing crude oil futures for June gained 19 per cent, or 0.21%, to USD 91.67 a barrel. Nikkei Stock Average improved by 0.26 percent, Shanghai Composite index - by 0.09%. Other energy

Mon, 21 May 2012 11:03:39 GMT

Economists forecast faster hiring in the US

National Association for Business Economics (NABE) revised upwards its forecast of monthly job increase in the U.S.A. for this year to 188,000 from 170,000 in its Q1 forecast. NABE estimates that GDP will grow by 2.4 percent in 2012. Growth will become faster in 2013 - 2.8 percent. 

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