Oil rises from 4-month low following biggest decrease this year

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Source: Bloomberg
© Scanpix/Reuters
Oil rose from almost a 4-month low amid speculation that the biggest decrease in 2012 was exaggerated on signs of rising demand in Asia. Oil for December settlement gained 71 cents to $85.15 a barrel in New York, while the contract was at $85.13 at 2:31 p.m. in Singapore. It fell $4.27 to $84.44 yesterday, the lowest close in four months. 
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Thu, 08 Nov 2012 09:30:24 GMT

German exports and imports decline in September

Exports in Germany fell 2.5% in September from the previous month, offsetting a 2.3% increase in August, according to Destatis. Economist had projected a 1.5% monthly drop. Imports declined 1.6% after growing 0.4% in August. The trade surplus increased from EUR 16.3 billion in August to EUR 16.9 billion and was more than EUR 15.5 billion economists' forecast. 

Thu, 08 Nov 2012 13:25:34 GMT

Australian jobless rate falls in October

According to the Australian Bureau of Statistics, unemployment rate in Australia fell to 5.4% in October ahead of economists' expectations of 5.5%. The number of people in work increased by 10,700 to 11,523,200 in October, whereas the number of unemployed fell by 8,000 to 653,200. Labour force participation rate slightly decreased to 65.1% in October compared to 65.2% in September. 

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