Crude oil fell on OPEC decision

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Source: Forexpros

Crude oil decreased during the morning Asian trading hours following the OPEC decision to maintain oil output at 30 million barrels daily. Experts claim the decision is aimed at raising the supply and lowering the oil price. On the New York Mercantile Exchange crude futures for January delivery traded at USD94.91 a barrel in morning session, losing 0.04% since opening.

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Thu, 15 Dec 2011 14:42:12 GMT

Olympus shares slide further

Despite avoiding delisting from Tokyo Stock Exchange, Olympus, the scandal camera producer from Japan saw decline in share price. The stock price decreased by 20.8% today on investor fear about the low liquidity of the company. Olympus will consider closer cooperation with other companies to strengthen the financial position, said Shuichi Takayama, Olympus president.

Thu, 15 Dec 2011 15:01:54 GMT

German PMI experienced moderate gains

German PMI increased slightly in December. The Markit Flash Germany Manufacturing PMI edged up to 48.1 in December as compared to 47.9 in previous month. The Markit's Germany Composite Output Index, gauge of private sector activity also advanced to 51.3 from 49.4 in November. The increase is inspiring but it cannot rescue the economy severally impacted in Q4, said Tim Moore, senior economist at Markit.

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