Global stocks advance since drop in oil prices encourages ECB for actions

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Source: Reuters
US and European share prices increased on Wednesday assuming that the European Central Bank would inject more stimulus to prevent deflation in the Euro zone. The FTSE 300 index surged 1%, while the DJI and S&P 500 jumped 1.22% and 1.16%, respectively. Meanwhile, oil prices did not show any signs for a possible rebound from their lowest levels since 2009. 
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Fri, 09 Jan 2015 06:28:04 GMT

OPEC would not cut oil extraction, even if oil drops below $50

OPEC countries are not planning an oil output cut in order to underpin the prices. Benchmark Brent fell to $49.66, the lowest level since April 2009, and then retreating back to $51 on 8th of January. Meanwhile, OPEC predicted a growing production surplus, taking into account increasing production levels and slowing growth in global demand.

Thu, 08 Jan 2015 14:36:05 GMT

Gold futures edge lower ahead of U.S. data

Gold futures declined on Thursday, as US data on monetary policy and economy strength had taken too long to wait for. Gold prices for February dropped 0.22% to $1208 per troy ounce, compared to yesterday's loss of $8.70 to $1210.70. During 2014 gold slid approximately 2% due to speculation that the Fed will start raising rates sooner rather than later. However,

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