Oil climbs on stronger US economy outlook

Source: Bloomberg
Crude oil trade close to two-day record high on Wednesday on investor forecasts improving US economic data may boost demand for fuel. April crude gained USD 0.12 to USD 106.83, extending gains from yesterday. On year to day basis oil have climbed 8.1%. Brent oil to be delivered in April slipped USD 0.01 to USD 126.21. 
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Wed, 14 Mar 2012 09:46:34 GMT

US share markets climb on Fed decision and JP Morgan dividends

US stock markets rallied on Tuesday after Federal Reserve decided to maintain record low interest rates and JP Morgan increased its dividend by 20%. Retail data also supported major stock indices. S&P 500 jumped 1.81% or 24.86 points and closed 1,395.95, Dow Jones Industrial Average index added 1.68% or 217.98 points to 13,177.68, the biggest daily gain since December 20. Nasdaq

Wed, 14 Mar 2012 09:07:22 GMT

Australia's consumer confidence declined in March

Australia's consumer confidence dropped to a 3-month record low in March as country's biggest lenders increased mortgage rates despite central bank's decision to keep benchmark interest unchanged. The consumer sentiment index fell 5% to 96.1 in March, marking the lowest reading since December 2011, said Melbourne Institute on Wednesday.  

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