Sterling gains as Cameron sees recovery

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Sterling advanced for a fifth straight day versus the U.S. Dollar after the U.K. Prime Minister David Cameron revealed that economic recovery might allow tax reduction. The Pound increased against major counterparts before this week's report that is expected to show the economy's acceleration in the second quarter. The currency climbed 0.4% to $1.5334.
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Mon, 22 Jul 2013 15:06:05 GMT

Copper soars on high demand from U.S. and China

Copper futures increased on Monday amid speculation of China's growing demand and U.S. expanding housing sector, stimulated by depreciating Dollar. Copper futures rose 1.46% and ended at $3.186 per pound on New York Comex. Both China and the U.S. are the largest metal-consumer countries. Commodities expressed in dollars typically rise when the greenback weakens.

Mon, 22 Jul 2013 14:44:06 GMT

WTI crude advances as hedge funds rise bullish bets

West Texas Intermediate climbed for a fourth consecutive day as hedge funds rose bullish bets on the WTI crude on decreasing inventories. WTI for August settlement added 65 cents to $108.7 a barrel on New York Mercantile Exchange, while Brent crude for September delivery rose 0.6%, or 59 cents, to $108.66 a barrel on the ICE Futures Europe exchange.

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