European stocks decline

Source: Bloomberg
European stocks declined for a second day amid the drop in energy and Barclays Plc shares. The Stoxx Europe 600 Index slid 0.3% to 390.31 as of 1:32 p.m. London time, paring previous 0.3% gains. Meanwhile, Barclays Plc lost 2.7%, while Galp Energia SGPS and Royal Dutch Shell Plc dropped around 2%, pulling energy shares to the weakest productivity amid 19 Stoxx 600 industry groups.
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Tue, 03 Mar 2015 19:36:05 GMT

Ruble rebounds

The Ruble closed its second day decline, while Russian bonds and stocks enjoyed stronger demand, since oil price returned up to $60 a barrel, thus enhancing the sentiment. In the meantime, Morgan Stanley lowered expectations on the rally. The Russian currency strengthened 1% to 62 versus the Dollar, while Brent oil recovered from the biggest drop in a month.

Tue, 03 Mar 2015 19:14:05 GMT

A.T. Kearney sees more mergers and acquisitions in oil industry

Gas and oil companies are going to spend around $450 billion in order to buy each other in 2015, since poor valuations caused by oil price collapse encourage acquisitions and mergers, said A.T. Kearney's consultants. Brent crude dropped 48% previous year on a surge of North American oil supply and OPEC denial to cut its production.

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