Oil prices recover after decline

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/FP
Crude oil futures increased during the Asian hours in Nymex electronic trading. Oil for January delivery edged up 8 cents to $97.01 a barrel. The increase covered losses of the previous session caused by worries about possible decrease of the France's triple A credit rating and US announcement about failure of the supercommittee to implement measures for decreasing deficit.
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Tue, 22 Nov 2011 09:26:32 GMT

European stocks climb on US credit rating

On Monday trading session European stocks recovered from 6-week low as rating companies restated the US credit rating. Stoxx Europe 600 Index gained 0.9% to 226.77 in London morning trading session after experiencing loss of 3.2% yesterday. Mining companies boosted index with Xstrata Plc (XTA) and Antofagasta Plc (ANTO) both adding 2%.

Tue, 22 Nov 2011 09:26:56 GMT

Weaker demand will impact Asian economies

Export-driven Asian economies are likely to be essentially impacted by lower demand caused by turmoil in the US and Europe. The growth in East Asia slows down; the forecast is 8.2% growth this year and 7.8% in 2012, as reported by the World Bank. Asian economies are strongly positioned but to sustain the growth level they have to do their best to stimulate domestic demand,

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