Oil moves toward USD 100 as Greece votes in favour of austerity

Source: Marketwatch
Crude to be delivered in March surged 0.9% to USD 99.58 per barrel on Monday Asian trading session at the New York Mercantile Exchange, after investors anticipated news Greece has approved the austerity plan. Oil futures were also supported by weaker US Dollar. Gasoline for March delivery also climbed 0.9% to USD 3.00 per gallon.

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Mon, 13 Feb 2012 07:33:57 GMT

European stocks dropped on Friday

European markets showed weak performance on Friday, fuelled by Greek concerns. Stoxx Europe 600 index fell 0.9% to 261.24, Athens General Index plunged 3.2% to 797.35, while German DAX index fell 1.4% at 6,692.96. British  FTSE 100 index lost 0.7% and closed at 5,852.39 and French CAC 40 slumped 1.5% and finished at 3,373.14.

Mon, 13 Feb 2012 07:52:40 GMT

Australian home loans grew in December

The number of Australia's house loan approvals surged in December to a 7-month record high as home buyers reacted to Reserve Bank of Australia's interest rate cut. Approved home loans gained 2.3% compared to 1.8% increase in November. Economists questioned by Bloomberg predicted an expansion of 1.8%. Australian central bank lowered its key interest rate to 4.25% in November. 

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