Oil futures are steady during Asian trade

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Source: Marketwatch

Benchmark New York crude-oil futures remained steady during the Asian trade on Friday after jumping by 1.6% on Wednesday. Crude oil for January delivery was traded at $100.19 a barrel in New York Mercantile Exchange electronic trading as compared to $100.20 during the late US session on Thursday.

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Fri, 02 Dec 2011 07:56:07 GMT

Payroll surge may not reduce unemployment

Economists questioned by Bloomberg predict that hiring in US probably did not manage to decrease the overall unemployment level as employers still are concerned US economy may slow down. Economists' median estimate for payroll increase is about 125 000 workers while the jobless rate is expected remain unchanged at 9%. Labor Department will present actual data at 8:30 am Washington

Fri, 02 Dec 2011 07:45:00 GMT

Japanese capital spending decreased

Capital spending among the Japanese companies declined unexpectedly during the last quarter, according to official data. Japanese capital spending decreased by 9.80% on a yearly basis being higher than 7.80% decrease in the previous quarter. Experts projected country's capital spending to fall by 3.60% in the period.

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