Oil recovers before the U.S. jobs report

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Source: Bloomberg
Oil recovered from the lowest level in almost 3 weeks before job creation report, which might show increased hiring in the US. Analysts expect employers to add 100 000 work places in July. Oil futures gained as much as 0.5%, with Brent crude for September delivery rising 0.3% or 28 cents to $106.18 per barrel. 
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Fri, 03 Aug 2012 07:30:01 GMT

The Yen gains versus its major peers

The Japanese Yen rose versus most of its major counterparts, due to escalating Eurozone debt crisis and weakening global growth, which spurred demand for safe haven assets. The Yen gained against the US Dollar for a sixth consecutive week as Asian stocks declined before the U.S. unemployment rate, which expected to show jobless rate above 8%. Demand for the Euro

Fri, 03 Aug 2012 15:55:10 GMT

Wall Street slumped on Draghi's comments

Wall Street fell on Thursday as the ECB announced no plan of action to address Eurozone's debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52; the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate with governments in bond-purchasing program in order to stimulate Eurozone's economy,

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