Oil and Gasoline rise on Isaac storm and refinery fire

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Source: Bloomberg
Oil surged to a one-week high and gasoline climbed near a four-moth high after Tropical Storm Isaac intensified, weakening output in the Gulf of Mexico, and a fire in the world's 2nd biggest refinery in Venezuela cut part of its output. October-delivery oil advanced $1.57 to $97.72 per barrel in New York, trading at $97.28.
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Mon, 27 Aug 2012 18:09:04 GMT

Europe stocks rally on debt-crisis talk

European stock futures climbed after Germany's Finance Minister Wolfgang Schaeuble reported Germany and France will create a union to enhance Eurozone's fiscal and monetary union. The Stoxx Europe 600 Index advanced 0.3% to 268.77, after declining 0.2% earlier.

Mon, 27 Aug 2012 17:47:04 GMT

German equities advance despite weak business climate data

German shares moved higher on Monday on speculation that the Fed will ease its monetary policy. However, dismal Ifo Business Climate Index data capped the upswing of the German equities. Meanwhile, market participants are cautious ahead of annual economic symposium in Jackson Hole due in later in the week. The German DAX Index edged up by 0.26% to trade at

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