Crude oil futures decline

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Source: Forexpros

Crude oil futures decreased on the stronger USD and growing worries over the euro-zone's debt crisis and Iranian oil exports' disruption. Crude oil futures fell below USD 99 a barrel and futures for delivery in January were traded at USD97.95 a barrel on the New York Mercantile Exchange during the morning US trade, losing 1.46% since opening.

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Mon, 12 Dec 2011 16:21:17 GMT

Precious metals will have a bullish sentiment in 2012

The gold and silver are likely to gain more appeal in 2012 despite strengthening of the US dollar, reported Deutsche Bank. The market conditions for gold with bullish outlook in last decade are likely to continue in 2012 amid high equity premium in the US, negative property rates and gold purchasing of the central banks, the bank added. The gold will achieve $1,750 an

Mon, 12 Dec 2011 16:19:08 GMT

Morgan Stanley pulled the whole sector down

Morgan Stanley stocks decreased by 5% and led the all S&P industry down. The Financial Select Sector SPDR ETF that shows financial stocks of the S&P 500 lost 1.7%. Dow financials also followed the trend with Bank of America Corp. losing 2.5%, J.P. Morgan Chase & Co. declining by 2.7%, American Express Co. decreasing by 1.5% and Travelers Cos. Inc. tumbling by 0.6%.

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