German salary increases, overseas sales offer hope for Euro block

Source: Reuters
© Scanpix\AFP
German salaries climbed at their fastest temp in four years at the beginning of 2013 and Euro area overseas sales inched up in April, pushing the Eurozone's economy towards recovery. German Hourly labour costs increased 3.9% in the first quarter,  the most since 2009, and gained more than the overall Euro area rate of 1.6%. 
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Mon, 17 Jun 2013 16:00:24 GMT

Yuan adds most in three weeks after central bank increases reference rate

Chinese currency appreciated as the People's Bank of China increased its reference rate to the highest level of all time. The Yuan rose 0.09% to 6.1250 versus the Dollar. The China's central bank raised the Yuan's reference rate by 0.01% to 6.15980, a record high. The People's Bank of China Governor said that the bank will not lower the Yuan to increase competitiveness.

Mon, 17 Jun 2013 12:20:06 GMT

Crude futures above $98 amid Syria concerns

U.S. crude-oil futures climbed to the highest level in four months on Monday, following boosted concerns that the riot could spread to other states in the oil-producing regions of the Middle East. The July crude contracts gained 49 cents to $98.34 a barrel, the highest since early February. Brent crude for August settlement also rose 18 cents to $106.11 per

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