Crude oil steady ahead of OPEC meeting and US supply report

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Source: Forexpros
Crude oil futures were steady in European morning trading on Wednesday as traders are cautious ahead of OPEC meeting due on Thursday coupled with US stockpiles report due later in the day. Moreover, mounting worries over fiscal uncertainty in Spain and Italy continued to dominate market sentiment. Light, sweet crude oil futures for July delivery traded at 83.39 US Dollars per barrel on the New York Mercantile Exchange, inching up 0.1%.
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Wed, 13 Jun 2012 12:34:42 GMT

Singapore GDP to expand by 2.8% in Q2

Singapore's economy is expected to grow by annualized 2.8% in Q2, according to survey conducted by the Monetary Authority of Singapore. The forecast is slightly higher than initial estimate of 2.5%. Participants also projected the CPI to increase by 5.2% in Q2 and the jobless rate to attain 2.2% by the end of 2012. Moreover, respondents expect USD/SGD to trade

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

South Korea's jobless rate reached its bottom in four months due to the continued recruitment boost in the service segment. According to Statistics Korea, the country's unemployment in May fell to 3.2% in contrast to the previous month's 3.4%. However, Ronald Man, HSBC Holding PLC's analyst, stated that as Korean manufactures are becoming more restrained, this could negatively impact the production output, and, consequently, weaken

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