Oil prices little changed before the U.S. employment data

Source: Marketwatch
© Scanpix/Associated press
Crude-oil futures were taking a breather after gains on Thursday, as the U.S. employment data may influence the outlook for the Fed's stimulus programme. Oil prices for July delivery were little changed, reaching $94.78 a barrel. The decline of the U.S. Dollar is helping oil and other dollar-denominated commodities making them cheaper to holders of other major currencies.
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Fri, 07 Jun 2013 11:36:38 GMT

U.S. Dollar under pressure ahead of U.S. jobs report

The U.S. currency was weak and shaky on Friday, following the biggest one-day decline versus the Japanese currency in three years and ahead of employment report  that might move the greenback down if it will be under predictions. The common currency was flat at $1.3242 versus the U.S Dollar. The Fed might start scaling back its stimulus in September if employment data

Fri, 07 Jun 2013 10:39:09 GMT

German overseas sales unexpectedly advance in April

German overseas sales unexpectedly increased  in April, adding to signs the economy potentially will continue to improve in the second quarter. The Bundesbank today cut German economy's growth forecast for the year 2013 and 2014 on extended structural issues in the Eurozone. The exports increased 1.9% in April following a gain of 0.5% in March.

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