Oil dropped on Tuesday

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Source: Bloomberg
Oil futures dropped for a second day in a row, as the Federal Reserve may announce additional measures to boost the world's biggest economy. September oil declined by 1.8 per cent, to $88.17 per barrel, Brent crude for September delivery tumbled 1.1 per cent, to $105.05 per barrel. The fall was also provided by Angela Merkel's coalition rejection to provide Euro rescue fund with a banking license.
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Wed, 01 Aug 2012 06:43:54 GMT

China's PMI unexpectedly weakens

China's Purchasing Managers' Index tumbled to 50.1 in July, the eight-month low, as the government reported on Wednesday. China moved very close to the 50 marks, the dividing line between contraction and expansion. Leaders of China from the Communist Party promised on Tuesday to continue adjusting policies to guarantee stable boost.

Tue, 31 Jul 2012 18:31:52 GMT

Greenback weakened ahead of Fed

The greenback weakened versus the basket of major trading-partner currencies before highly anticipated meetings by the ECB on Thursday and the Federal Reserve on Tuesday. During today's New York trading session the U.S. dollar lowered versus the shared currency, with EUR/USD adding 0.38 per cent to $1.2308. The ICE dollar index erased 0.20 per cent to 82.71.

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