Euro strengthens versus Yen as inflation in Saxony rises

Source: Bloomberg
The shared currency strengthened on Thursday rising to the highest level in four years against the Japanese Yen after a report showed that year-on-year inflation in Germany's Saxony region rose for the first time in a five-month period suggesting that the ECB may not cut its interest rates further. The Euro jumped 0.2% to 138.96 Yen as of 10:28 a.m. in London, the most since June 2009.

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Thu, 28 Nov 2013 13:30:05 GMT

WTI trades near six-month low as stockpiles rise

West Texas Intermediate oil fluctuated on Thursday and traded close to the weakest level in a six-month period and recorded the largest spread to Brent crude after a report showed that inventories in the U.S. gained for 10th week. WTI for delivery in January slipped 12 cents and traded at $92.18 a barrel on the NYMEX as of 10:15 a.m.

Thu, 28 Nov 2013 13:08:04 GMT

European stocks rise as Stoxx 600 index is set to reach monthly gain

European equities increased on Thursday heading for the third monthly advance amid speculation that yesterday's closing prices near five-year highs were overvalued and as stocks in the U.S. and Asia grew. The benchmark index Stoxx Europe 600 jumped 0.2% to 324.59 as of 8:06 a.m. London time and it has gained 0.5% this month.

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