Futures for natural gas jumped 7% on supply data

Source: Forexpros

The U.S. Energy Information Administration reported that the inventories of natural gas rose significantly less than expected. Following this data natural gas futures rallied sharply in the U.S. morning trading session. On the NYMEX, July delivery futures were traded at USD2.349 a MMBtu, which was a 7.5% growth for that session.

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Thu, 14 Jun 2012 20:21:46 GMT

Italy's debt costs rocket during bond auction

During a bond auction held on Thursday, Italy's debt costs have rocketed; consequently, presenting challenges for Mario Monti not to request financial aid from the euro area's members. Investors are also concerned whether Italy's Prime Minister will be able to manage the current slowdown in the 3rd biggest member of the euro area. Italy has faced considerable trouble in Q1 in comparison to other G20 members,

Thu, 14 Jun 2012 19:59:45 GMT

The U.S. current-account deficit hit a three-year high

The Commerce Department reported that the U.S. current-account gap increased unexpectedly during the first three months of the year, reaching USD137.3 billion. This is a 16% growth from a figure for the preceding quarter, which was revised down to the deficit of USD118.7 billion from USD124.1 billion. Analysts had predicted that the current-account deficit will be equal to USD131.9 billion.

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