European shares advance after China rate reduction

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Source: Marketwatch
European equities rose on Thursday after China unexpectedly announced it reduced its benchmark borrowing costs by 25bp. Stoxx 600 Europe gained 1.1%, British FTSE 100 added 1.2% and German DAX improved by 0.8%. French CAC 40 index climbed 0.4% and IBEX 35 advanced 0.3% after Spain successfully sold 10-year bonds.
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Fri, 08 Jun 2012 07:39:28 GMT

Oil approaches longest weekly loss in 13 years

The price of crude oil declined for a second straight day sending the value closer to longest weekly loss since 1999. The drop was boosted by speculations that slowdown in world's biggest economies US and China may hurt demand for fuel. July Brent oil fell 1.5% or USD 1.49 to USD 98.44 per barrel. July crude lost USD 2.23 to

Fri, 08 Jun 2012 08:21:28 GMT

Yen climbs against the Euro ahead of German exports data

Japanese Yen strengthened versus the 17-nation currency on Friday as investors predicted the German exports slumped in April amid worries European debt turmoil is curbing Eurozone's economy. The Yen appreciated 0.7% versus Euro to JPY 99.33 during Asian trading hours. Currently EUR/JPY is trading at JPY 99.15.

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