Oil extends decline as inventories grow, storm weakens

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Source: Bloomberg
Oil slipped for a second day after U.S. inventories increased unexpectedly and Hurricane Isaac weakened. Futures tumbled 0.6%, after a 0.9% drop yesterday. October-delivery oil fell to $94.91 per barrel in New York. October-settlement Brent oil advanced 11 cents to $112.65 per barrel in London.
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Thu, 30 Aug 2012 13:16:12 GMT

Eurozone confidence falls in August

Euro area's economic confidence slid more than expected in August as European leaders failed to curb region's recession and the crisis worsened. Executive and consumer sentiment index in the Eurozone slipped to 86.1 from 87.9 in previous month, the European Commission announced on Thursday. The reading was the weakest since August 2009, and fell behind economists' estimate of 87.5.

Thu, 30 Aug 2012 15:08:14 GMT

German stocks move lower after jobless data

German blue chips index sank on Thursday as German unemployment rose for the fifth consecutive month in August amid spreading Eurozone's crisis. The seasonally adjusted unemployment rate stood at 6.8% in August.  However, yields on 10-year sovereign bunds approached four-year low on Thursday, indicating that German economy is still perceived as stable. The German DAX Index retreated by 0.83% to

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