Crude oil futures rose

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Source: Forexpros

Crude oil futures have started to rise after a two–day decline. On the New York Mercantile Exchange crude futures for January delivery were traded at USD 96.75 a barrel at early European trade, being 0.6% higher. Experts claim that lower Dollar and strong oil demand in the US stimulate growth of the oil prices.

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Thu, 24 Nov 2011 13:09:16 GMT

Merkel rejects idea of issuing Eurobonds

German Chancellor Angela Merkel refused the idea of issuing Eurobonds offered by European Commission. Merkel emphasized that the creation of Eurobonds will not pull the region out of debt crisis. German Chancellor also criticized European Commission's inappropriate switching to Eurobonds proposal, as it gives other countries misleading signal that more borrowing could resolve the crisis.

Thu, 24 Nov 2011 13:07:06 GMT

Germany's business confidence unpredictably rises

Germany's business confidence index increased in November despite unanimous pessimistic forecasts. Ifo institute in Munich reported that index has actually increased from 106.4 to 106.6. Experts surveyed by Bloomberg predicted a drop to 105.2. Carsten Brzeski, ING Group's economist in Brussels, pointed out that Germany's position in reality is rather strong.

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