Oil gains as China's inflation eases

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Source: Bloomberg
Crude gained 0.3% in New York after a report showed China's inflation eased for a fourth consecutive month, leaving more room to weaken a growth downturn in the world's second-major oil consumer. On Thursday, September-delivery futures rose 0.2% to $93.53 per barrel, after falling 0.1% earlier.
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Thu, 09 Aug 2012 08:36:15 GMT

Gold advances on China's inflation data

Gold climbed to one-week high as China's inflation cooled and before data that may post a rise in U.S. unemployment claims, supporting optimism that central banks may act to boost the global economy. Immediate-delivery gold rose 0.4% to $1,618.80 per ounce, the strongest since July 31. Gold for December delivery surged 0.3% to $1,620.30. 

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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