S&P decreases economic growth for Asia Pacific

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Source: RTTNews
S&P rating agency lowered economic growth expectations for Asia Pacific amid a downtrend in China, further problems in the euro area and a slower recovery in the U.S. S&P reported on Monday that the real growth forecasts were downgraded for Japan to 2%, Hong Kong to 1.8%, Singapore to 2.1, India to 5.5% and China to 7.5%. Meanwhile, S&P raised Philippines expansion estimate to 4.9%.
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Mon, 24 Sep 2012 13:53:19 GMT

Crude traded near 6-week low

On Monday, futures for crude declined sharply, as investors' sentiment was determined by concerns over growth of the global economy. On the NYMEX, November delivery futures for light sweet crude were traded at $91.70 per barrel, which was a 1.3% decline in the European morning trade. Earlier, prices for contracts hit a day-low of $91.61 per barrel.

Mon, 24 Sep 2012 13:31:20 GMT

Gold fell from a near seven-month high

On Monday, gold retrieved from a near 7-month high, however, the support for the metal from the stimulus measures is expected to remain. On the NYMEX, December delivery futures for gold declined by 0.9%, and reached $1,760.70 per troy once at 9:35 a.m. London time. Earlier in the day, it hit a day-low of $1,759.200 an once.

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