Oil near 2-week high

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Source: Bloomberg
Oil almost reached two-week high as the Atlantic tropical storm Ernesto is expected to strengthen and become a hurricane, approaching the Bay of Campeche, where most of Mexico's crude production is placed. Oil for September settlement traded at $92.20 per barrel, the highest price since 19 July. Brent crude for September delivery was at $109.45 per barrel. 
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Tue, 07 Aug 2012 08:18:12 GMT

Nikkei 225 hits month high

Japan's stocks rose for a second day, with the Nikkei 225 Stock Average having a four-week high close, on speculation Germany will participate in the ECB's bond-purchasing plan to cool the region's debt crisis. The Nikkei 225 gained 0.9% to 8,803.31, the strongest since July 11, with volume 7.6% less than 30-day average.

Tue, 07 Aug 2012 16:32:10 GMT

European consumers spent less in the second quarter

As European governments are implementing austerity measures in order to curb the debt crisis, consumers are reining in spending as well. Consumers in France spent 0.2 per cent less during the second quarter. Meanwhile, consumer confidence in the Eurozone reached three-year low in August. Moreover, companies included in the European Stoxx 600 Index reported lower quarterly earnings and overall consumer spending on services and

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