WTI heads towards best month since August ahead of U.S. oil report

Source: Bloomberg
© Scanpix\Reuters
West Texas Intermediate headed towards its best month since last August ahead of the report that is expected to indicate that crude stockpiles declined in the U.S. The September WTI contract inched up to $103.73 per barrel. Brent for September delivery decreased to $106.25 per barrel. U.S. fuel stockpiles jumped by 1.8 million barrels previous week.
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Wed, 31 Jul 2013 14:16:13 GMT

Dollar surged after GDP data

The U.S. Dollar appreciated versus the 17-nation currency as reports suggested that the nations economy expansion exceeded estimates. The Department of Commerce reported that the economy grew 1.7% in the second quarter, beating a 1% estimate of analysts. The greenback added 0.31% to $1.3223 versus the Euro at 12:32 p.m. GMT. 

Wed, 31 Jul 2013 15:12:09 GMT

European equities fluctuate as investors struggle for direction

European stocks traded flat, the Stoxx Europe 600 gauge increased slightly to 299.55. Investors wait for the U.S. report on GDP growth in the second quarter, and investors seek some hints form the Federal Reserves about monetary policy plans. Markets struggled to interpret mixed data. Retail sales unexpectedly dropped in Germany, while unemployment rate fell in June, the first decline

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