Oil rises on U.S. budget optimism

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Source: News Xinhuanet
Oil rose on Tuesday on confidence the U.S. will reach compromise on the country's budget, easing concerns of looming ‘fiscal cliff' in the world's largest crude consumer's economy. Light, sweet crude for January settlement was at 87.93 dollars a barrel, up 73 cents or 0.84%. Brent for February delivery was up 1.20 dollars or 1.11% at 108.84 dollars a barrel. 
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Wed, 19 Dec 2012 09:21:11 GMT

U.S. stocks rally on U.S. budget talks

Wall street edged higher on upbeat Tuesday as investors confidence on fiscal cliff agreement rose after U.S. lawmakers came closer to reaching a deal in order to avoid tax increasing and spending cuts. The S&P 500 recorded its first two-straight-day gain bigger than one percent since July, when it advanced 1.15% to 1,446.79, while the Nasdaq Composite went up 1.46%

Wed, 19 Dec 2012 08:52:13 GMT

Japan's leading index rose in October more than expected

Japan's leading index increased more than expected in October, according to data from the Cabinet Office on Wednesday. The leading index, which measures the economy's direction in the months ahead, rose to 92.8 in October compared with 92.5 in a preliminary report, following September's gauge at 91.3. Meanwhile, the lagging index was revised down from 87.2 to 86.8 in October.

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