Oil futures ease up, approaching $100 a barrel

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Source: Marketwatch

Crude oil futures were slightly higher during the East Asian trade on Tuesday. Crude oil futures for delivery in February advanced to $99.78 a barrel at the electronic trade on the New York Mercantile Exchange, easing up 0.1%. The increase followed Syria's reports about 30%-35% decline in oil exports due to international sanctions against crackdown of the political protesters in the country.

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Tue, 27 Dec 2011 08:04:49 GMT

China plans to raise gold holdings

China, pursuing further diversification of its foreign-exchange portfolio, plans to take advantage of lower gold prices and increase its gold holdings, said Zhang Jianhua from the People's Bank of China. Bleak economic outlook, growing inflation and extensive monetary easing undermined investors' confidence. Gold is considered to be a �safe haven' as it is a sort of hard currency capable to limit risks inherent to the

Tue, 27 Dec 2011 08:12:31 GMT

European stock markets end week higher

European shares advanced last week as better-that-expected US economy data signalled recovery of the world's leading economy. Stoxx 600 gained 3.5% reaching 241.86 this week, while French CAC 40 added 4.4% to 3,102.09. German DAX surged 3.1% to 5,878.93 and UK's FTSE 100 jumped 2.3% finishing at 5,512.70

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