Oil and gold gain on Japan data

Source: Bloomberg
Gold and oil rose as Japan's GDP widened less than expected, adding signs to speculation central banks will create additional stimulus to support global growth. Oil gained 0.4% to $93.28 per barrel in New York on Friday. Gold for immediate delivery advanced 0.2% to $1,623.75 per ounce. While corn fell 0.3% in Chicago and wheat lost 0.8%.
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Mon, 13 Aug 2012 07:37:28 GMT

China stocks fall most in two weeks

China's stocks posted the biggest drop in two weeks as Bank of America Corp. pared its economic growth estimates for China and amid belief the government will not alleviate monetary policy as housing prices rebound. The Shanghai Composite Index fell 0.6% to 2,156.25. The CSI 300 Index dropped 0.8% to 2,381.23. The Hang Seng China Enterprise Index declined 0.4%.

Mon, 13 Aug 2012 12:58:35 GMT

Aussie Dollar falls amid flagging demand for risky assets

The Australian Dollar declined versus almost all of its major peers as global economic downturn curtailed demand for high interest currencies. The Aussie Dollar fell 0.2% to $1.0556 and dropped to 82.63 Yen. The New Zealand Dollar lost 0.2% to 81.17 U.S. cents and 0.2% to 63.53 Yen. 

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