The crude oil climbs after talks between Iran and world powers fails

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Source: WBP Online
© Scanpix AP
The crude oil prices advanced on Monday after China reported increase in industrial production, and talks between world powers and Iran failed to make a deal on the nuclear programme. The WTI crude oil prices rose 0.08%, while Brent crude advanced 0.43%. The analysts have calculated that the continuing sanctions have removed 1 million barrel from the market in a day, and estimated that even a small increase of crude oil supply from Iran could reduce the oil prices.
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Mon, 11 Nov 2013 12:34:08 GMT

German stocks are little changed as China output rises

German shares fluctuated on Monday traded close to an all-time high after a government report showed that China's industrial production surprisingly accelerated on the month of October. The benchmark index DAX dropped 0.1% to 9,069.97 as of 9:48 a.m. Frankfurt time after it advanced 0.8% last week as the ECB trimmed its interest rates.

Mon, 11 Nov 2013 11:06:25 GMT

Kiwi gains on China's industrial production data

The New Zealand's currency surged 0.58% to $0.8286 against the U.S. Dollar, after the New Zealand's second biggest export destination China showed better results in industrial production data, thus adding up to the last weeks gains in export and import levels. Despite the significant gain, the Kiwi is till much weaker compared to last week's level of $0.84.

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