Euro gains amid German sentiment index

Source: Bloomberg
The Euro rose to a seven-week high versus the U.S. Dollar as German business confidence dropped less than some analysts estimated, adding signs the economy can survive the sovereign-debt crisis. The Euro gained 0.1% to $1.2529, after surging to $1.2590 on Aug. 23, the most since July 4. It advanced 0.2% to 98.59 Yen, after a rise to 99.18 Yen on Aug. 21, the strongest since July 5.
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Mon, 27 Aug 2012 17:14:04 GMT

Oil and Gasoline rise on Isaac storm and refinery fire

Oil surged to a one-week high and gasoline climbed near a four-moth high after Tropical Storm Isaac intensified, weakening output in the Gulf of Mexico, and a fire in the world's 2nd biggest refinery in Venezuela cut part of its output. October-delivery oil advanced $1.57 to $97.72 per barrel in New York, trading at $97.28.

Mon, 27 Aug 2012 17:47:04 GMT

German equities advance despite weak business climate data

German shares moved higher on Monday on speculation that the Fed will ease its monetary policy. However, dismal Ifo Business Climate Index data capped the upswing of the German equities. Meanwhile, market participants are cautious ahead of annual economic symposium in Jackson Hole due in later in the week. The German DAX Index edged up by 0.26% to trade at

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