WTI falls amid gain in U.S. stockpiles and drop in China's manufacturing

Source: Bloomberg
© Scanpix/RS
West Texas Intermediate oil declined for the third straight day on Thursday extending its losing streak to the longest in three weeks amid higher U.S. gasoline stockpiles and as Chinese manufacturing dropped in May. WTI for July settlement slipped 76 cents to $93.52 a barrel on the NYMEX and was traded at $93.60 as of 1:36 p.m. in Singapore.

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Thu, 23 May 2013 07:33:04 GMT

Treasuries slide as China's manufacturing contracts in May

U.S. Treasuries increased on Thursday as Chinese shares plunged after a report showed that manufacturing sector in China surprisingly declined in the month of May spurring demand for safer assets. The benchmark 10-year yields slipped one basis point to 2.03% by 2:04 p.m. Tokyo time following an earlier increase to 2.07%, the highest since March 14.

Thu, 23 May 2013 07:11:06 GMT

Australia's inflation expectations increase in May

Expectations about Australian inflation among local customers increased marginally in May as the Reserve Bank of Australia cut its benchmark interest rate by 0.25% to a record low of 2.75% on May 7, a report published by the Melbourne Institute showed on Thursday. The forecast inflation rate rose from 2.2% in April to a level of 2.3% in May, however,

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