Oil retreated from a 1-week high on contraction of Chinese manufacturing

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Source: Bloomberg
© Scanpix/Reuters

On Monday, oil retreated from a 1-week high, as China witnessed an unexpected decrease in its manufacturing activity, raising speculations that the demand for fuel may fall. On the NYMEX, November delivery futures lost 93 cents, hitting a session low of $91.26, and subsequently consolidated at $91.97 by 9:01 a.m. in London.

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Mon, 01 Oct 2012 13:06:40 GMT

Gold falls on the slowdown of the global economy

On Monday, gold prices were lower, following the disappointing figures of the Chinese manufacturing activity and the U.S. and Japanese sentiment data. On the NYMEX, December delivery for gold traded at $1,768.65 per troy once, which was a 0.30% decline for the Asian trading session. The support was likely to be at $1,755.35, while the resistance was prone to be at 1,785.65.

Mon, 01 Oct 2012 14:46:42 GMT

U.S. stocks surge ahead of ISM, Bernanke

U.S. stock futures start the fourth quarter of this year on a positive note as traders await the manufacturing data and Ben Bernanke's talk later today. On Monday, Dow Jones futures added 60 points to 13,415. Futures on S&P 500 Index gained 5.6 points to 1,439.80, while those on Nasdaq soared 13.5 points to 2,805.50.

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