Oil hit three-month high on Monday

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Source: Reuters
Crude oil edged higher on Monday, and was trading higher than $115 per barrel, on supply concerns and on hopes that Central banks will stimulate economic growth in order to boost global oil demand.  Brent crude oil jumped as high as $115.11 per barrel. At the same time, U.S. oil rose by 64 cents to $93.51. On Friday, the International Energy Agency cut its oil demand forecast for the next year by 400,000 barrels a day, as global economic activity slows down.
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Mon, 13 Aug 2012 19:43:29 GMT

European stocks turned lower on data

European stocks turned lower on Monday, as decelerated Japan's economy outweighed increased demand for Italian bonds. The Stoxx 600 Index tumbled 0.4 percent to 268.72, after ten weeks of gains. At the same time, the U.K.'s FTSE 100 was down by 0.3 per cent, German's DAX Index retreated 0.5 per cent, while France's CAC 40 Index and Italy's FTSE MIB Index erased 0.3 per cent

Tue, 14 Aug 2012 13:42:32 GMT

Japan's economy decelerated in Q2

Japan's economy decelerated in April-June period, and added only 0.3%, after jumping by 1% in the first quarter of 2012. The economy slowed down, as exports was hurt by Eurozone's debt crisis and as domestic consumption rose modestly. In the meanwhile, last week the BoJ left its benchmark interest rate at the 0.1% level.

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