WTI crude oil declines on decrease in Chinese manufacturing sector

Note: This section contains information in English only.
Source: WBPonline
© Scanpix\AP
Crude oil futures declined, as China's manufacturing report for July came in against expectations, indicating contraction in the sector's activity. WTI crude oil futures dropped 0.05% to $107.19 per barrel and the Brent futures prices were at $107.78. China's Purchasing Managers Index decreased from 48.3 points in June to 47.7 this month.
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Wed, 24 Jul 2013 11:14:05 GMT

German manufacturing data pushes stocks upwards

German stocks rose after 3 days of losses after reports showed that manufacturing expansion was bigger-than-expected. The index increased to 50.3, the first expansion in the industry since February, while experts predicted the value of 49.2. An index for German service industry jumped from 50.4 to 52.5, while median estimate was 50.7. The DAX and HDAX Indexes both climbed 0.5%.

Wed, 24 Jul 2013 10:52:04 GMT

German manufacturing rises surprisingly

German manufacturing rose surprisingly in July and services sector growth strengthened, indicating on that nation's economy is growing. A manufacturing index increased 1.7 basis points to 50.3, according to Markit Economics, while services sector grew 2.1 basis points to 52.5. After these data were released the Euro appreciated versus the greenback at $1.3250 by 8:37 a.m. in London.

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