Brent close to $106, seven-week high

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Source: Reuters
Brent crude oil increased to $106 on Mid-East tension on Thursday, reaching a seven-week high. At the same time Fed chairman Bernanke's comments signalled diminishing double-dip recession risks and renovated hopes of oil demand recovery. Brent benefited for already a seventh day, increasing to $106.01. U.S. oil advanced to $90.62, which is also its seven-week highest value.
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Thu, 19 Jul 2012 10:43:20 GMT

Australia might cut interest rates repeatedly

Australia faced decelerating growth pace over the recent months. As threat of further slowdown looms, economists suppose the Reserve Bank of Australia might be forced to cut interest rates again. By most of analysts' estimates, overnight cash rate might be lowered by 0.25%. Still, the Australian Dollar appreciated for five days in a row and reached two and a half month high

Thu, 19 Jul 2012 16:58:33 GMT

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On Wednesday, July 18, an unexpected decline in U.K.'s unemployment rate boosted markets higher. The FTSE 100 index advanced 1.01 per cent to 5,685.77 and British pound strengthened versus the single currency 0.17 per cent to 0.7839. Meanwhile, the boost was supported by the increase of Fresnillo PLC shares by 1.56 per cent, BHP Billiton rose 2.02 per cent and Rio Tinto PLC also increased

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