WTI prolongs last session's losses amid growth concerns

Source: WBPonline
© Scanpix\AP
WTI crude declined after disappointing U.S. housing data was posted. WTI crude oil futures retreated 0.64% to $106.26 per barrel and the European benchmark Brent crude decreased 0.19% to $107.94. North American crude oil declined the most in over a week  amid concerns that the U.S. economy has not grew enough.
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Tue, 23 Jul 2013 11:39:07 GMT

Global shares rise on China's growth vows

Global stocks jumped after Chinese authorities vowed to increase spending on railway projects in order to ensure that GDP growth doesn't drop below 7%. MSCI Asian-Pacific shares, excluding Japan, rose 1.3%, while FTSE EuroFirst 300 index climbed 0.4%. MSCI world equity gauge increased 0.2% as Nikkei 225 was lifted 0.8%.

Tue, 23 Jul 2013 11:17:10 GMT

Gilts drop on signs Britain's economy is improving

U.K. government bonds dropped together with U.S. and German securities as rising European stock market reduced demand for safer assets. Yield on 2-year gilts rose 3 basis points to 0.36% after better-than-expected mortgage approvals data showed signs of improving Britain's economy. Yields on 10-year U.K. securities increased 3 basis points to 2.29%, while the Pound was virtually unchanged.

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