Oil posts gains on weaker Greenback

Source: WBP Online
© Reuters

Crude oil futures traded higher on Monday after Friday's disappointing non-farm payrolls release that drove the US Dollar 1% lower. West Texas Intermediate jumped 1.05%, trading at $49.13 per barrel, whereas Brent rose 1.05%, trading $50.16 per barrel by 11:35 GMT on the London Stock Exchange.



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Mon, 06 Jun 2016 12:04:16 GMT

Sentix improves whereas German factory orders fall

The Sentix Economic Index for the Euro zone rebounded in June, posting a 9.9 point gain, the highest reading this year. In the meantime, factory orders in Germany dropped 2.0% in April, on a seasonally adjusted month-on-month basis, following the 2.6% increase seen in March.

Fri, 03 Jun 2016 14:36:56 GMT

ISM Non-Manufacturing Index worsens whereas factory orders surprise

The final Markit US Services PMI came in at 51.3 in May, following the 51.2 preliminary reading and the 51.4 market forecast. Meanwhile, US factory orders rose 1.9% in April, surpassing expectations of the 0.8% gain and March's revised up 1.7% increase, while the Institute for Supply Management Non-Manufacturing Index came in at 52.9, compared to April's 55.7 result and

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