Oil rebounds as recent drops seen exaggerated

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Source: Bloomberg
Oil rebounded from a two-month low close as traders speculated that earlier declines were exaggerated. Futures gained 0.6% in New York after sliding to almost technical-support levels. November-delivery oil surged 57 cents to $90.55 per barrel and traded at $90.36. Brent oil for the same month added 0.3% to $110.41 per barrel in London.
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Thu, 27 Sep 2012 12:32:30 GMT

China stocks lead a rise in Asia markets

Chinese stocks jumped to lead an upbeat in Asian markets, after the central bank made a record cash injection into the financial system. On Thursday, the Shanghai Composite surged 2.9%, and the Hang Seng Index advanced 1.2%. Meanwhile, The Nikkei Stock Average and Australia S&P 200 Index both rose 0.5%, and Kospi inched 0.4% up.

Thu, 27 Sep 2012 09:55:30 GMT

People's Bank of China makes a record liquidity injection

China's central bank injected the biggest weekly amount of cash into the financial system to ease a liquidity crunch that had raised borrowing costs. The PBC poured 365 bn Yuan ($58 bn), a record high weekly amount, into money markets during the past three days via reverse repurchase agreements. The seven-day repurchase yield immediately dropped 1 percentage point from 4.75%,

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