Oil slighly increases to four-month high on OPEC comments

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Source: Bloomberg
Crude oil futures for March settlement were higher by 28 cents to $96.72 a barrel on the New York Mercantile Exchange in Singapore trading session on Tuesday.Trade volume was 40% below the 100-day average. Oil was traded near a highest level in last four months on the signs of economic recovery in the U.S., the biggest oil consumer, and after OPEC statement that prices are unlikely to fall in an upcoming year.
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Tue, 29 Jan 2013 10:10:04 GMT

Aussie appreciates as investors increase demand for risky assets

Australian Dollar, also called Aussie, rose 0.2% to $1.0435 at Sydney trading session on Tuesday. The Aussie strengthens against the major counterparts as stocks in Asia appreciate and boost demand for risky assets. Investors are more likely to buy risky assets as global economic situation shows recovery signs. Also, National Australia Banks confidence index increased from minus 9 to 3,

Tue, 29 Jan 2013 09:48:04 GMT

Asian equities increase leading by Japanese banks

MSCI Asia Pacific Index was higher by 0.7% to 132.27 points by midday in Tokyo trading session on Tuesday. Asian region benchmark heads for the biggest weekly gain, as Japanese banks made announcements about possible profits. Mitsubishi UFJ increased by 4% and Sumitomo Mitsui Financial Group soared by 4.2%, as banks' nine-month profit each exceeded by $5.5 billion, as Nikkei

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