US unemployment claims drop to lowest level since 2008

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Source: Bloomberg
Jobless claims unexpectedly declined previous week reaching the lowest level since April 2008 indicating that US labour market is recovering. Unemployment claims dropped by 4000 to 364 000 last week, reported Labor Department. Economists questioned by Bloomberg predicted an increase to about 380 000.
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Thu, 22 Dec 2011 16:58:53 GMT

Crude oil futures advanced on falling inventories in the US

Crude oil futures advanced on Thursday as market sentiment improved on the sharp fall in US oil inventories that signal faster US recovery. US crude oil inventories declined by 10.6 million barrels, being the largest fall since 2001. Light, sweet crude oil futures for February delivery traded at USD99.40 a barrel during the morning session, on the New York Mercantile Exchange, gaining 0.73% since opening.

Thu, 22 Dec 2011 16:05:26 GMT

Nikkei 225 declines on Europe scepticism

Japan's Nikkei Stock Average traded 0.77% or 64.82 points down reaching 8,395.16 as market reflected investor scepticism towards impact the ECB cheap loans might have on curtailing region's debt crisis. Toyota Motor Corp. was down 0.6% after reporting its sales are likely to fall by 6% this year. On the upside Yahoo Japan Corp. jumped 2.1% after company said it may reduce most of its

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