WTI crude moderately lower before U.S. inventories report

Source: WBPonline
WTI crude dropped moderately, prolonging the previous two sessions of losses ahead of important U.S. stockpiles report release. The September WTI contract was almost steady, falling 0.20% to $106.35 per barrel and the North European benchmark Brent declined 0.07% to $108.60 per barrel. The American Petroleum Institute's weekly data is forecast to show another fall in U.S. oil and fuel inventories.
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Tue, 06 Aug 2013 10:33:10 GMT

U.K. shares retreat for third straight day

U.K. shares fell for a third day in a row, making it the longest streak of losses in 14 days, as London-listed mining companies retreated. The FTSE 100 Index slipped 0.3% to 6,601.01 as of 9 a.m. London time; however, the gauge has advanced 9.5% since June 24 as the Fed stated that they will continue with their bond-buying programme.

Tue, 06 Aug 2013 10:01:08 GMT

Australian Dollar bounces off after central bank's cuts

The Australian Dollar advanced versus all its most-traded peers as the nation's central bank cut the benchmark interest rate to 2.5%. The Aussie gained 0.6% to 89.79 U.S. cents at 5:16 p.m. Sydney time, after it reached 88.48 on Monday. Australia's currency has fallen 11% this year to date, which is the sharpest decline among the major currencies.

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