WTI climbs over $100 amid decline in U.S. stockpiles, Egypt unrest

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Source: Bloomberg

Crude oil inched up, with West Texas Intermediate rising above $100 per barrel for the first time in nine months, amid declined in U.S. stockpiles and worries that political unrest in Egypt may ruin Middle Eastern supply. The August WTI contract jumped $2.58 to $102.18 per barrel and Brent for August delivery gained 1.6% to $105.61 per barrel.

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Thu, 04 Jul 2013 07:26:06 GMT

Emerging-market stocks advance on U.S. and China's reports

Developing countries' stocks rose after the U.S. reported that companies hired more workers than experts predicted and after China said it would use funds to improve infrastructure in order to stabilize economic growth. The MSCI Emerging Markets Index increased 0.6% to 917.86, where all industry groups comprising the gauge advanced.

Wed, 03 Jul 2013 13:22:12 GMT

Hong Kong shares retreat after China's services PMI falls

Hong Kong shares declined, with the Hang Seng Index falling for the second day in a row, after its retail sales were against the expectations and China's services industry's growth was slower than expected. The Hang Seng Index slid 1.4% to 20,379.48 at 9:51 a.m. Hong Kong time, while the Hang Seng China Enterprises Index fell 2.3% to 8990.34.

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