Crude oil fell on global demand concerns

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Source: Forexpros
Crude oil prices dropped at Asian trading hours on Tuesday as global demand concerns were fueled by weak manufacturing data from the US and high risk of new round of recession in Spain. Light, sweet crude oil futures for June delivery traded at 104.84 US Dollars per barrel on the New York Mercantile Exchange, declining by 0.03% from the previous session's high of 104.81 US Dollar per barrel.


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Tue, 01 May 2012 10:03:46 GMT

Japanese zinc exports dropped by 35% in March

Japanese zinc exports declined by 35% in March, reported the Ministry of Finance. Meanwhile, China's zinc imports soared by more than 100% on an annualized rate in March while domestic zinc demand is likely to approach four year high this year, reported Mitsui. Experts attributed the fall in exports to earthquake in March 2011.

Tue, 01 May 2012 09:41:46 GMT

S&P ASX 200 rallies on RBA interest rate cut

Australian S&P ASX 200 index rallied on Tuesday after Reserve Bank of Australia unexpectedly cut the key interest rate from 4.25% to 3.75%. Australian benchmark advanced 0.75% or 32.90 points and closed at 4,429.50 lifted by surprised investors who predicted a 0.25 percentage point reduction. Woodside Petroleum jumped 3.7% on news it will sell its stake in Browse gas-export project

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