Oil steps higher on Israel conflict and U.S. budget issues

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Source: Bloomberg
© Scanpix/Reuters
Crude oil futures for January settlement were $1.07 higher, or 1.23%, to $87.99 a barrel during Asia trading hours on Monday. Oil price was pushed up by investors' concerns on the Middle East unrest, which threaten to disrupt oil supplies, and on the U.S. budget issues, as the $607 billion deficit-reducing package may push the biggest world's economy into a recession.
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Mon, 19 Nov 2012 13:35:52 GMT

German bunds fluctuate ahead EU finance ministers meeting

German 10-year bonds' yield increased by 0.01% percentage point or less then 1 basis point to 1.34 in early London time on Monday, but still was very close to an 11-week low. Bond yields are slightly changed before the European finance ministers tomorrow meeting in Brussels to discuss the next Greece aid payment. Last week Greece was granted

Mon, 19 Nov 2012 15:13:16 GMT

Japan's leading index falls more than expected

Japan's leading index, which is designed to measure the economy's direction in months ahead, fell more than expected in September, according to the Cabinet Office. The index decreased from 93.2 in August to 91.6, while initial projection was 91.7. The coincident index that evaluates the current economic activity declined to 91.5 from 93.5 a month earlier. "The bank is concerned that

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