Oil edges higher as Greenback losses strength

Note: This section contains information in English only.
Source: WBP Online
Futures for oil rose, erasing the morning losses amid the weaker US Dollar and fresh inventory data ahead in the day. Crude prices sharply fell on Wednesday after the PBoC devalued the Yuan for a second day, deteriorating China's purchasing power for oil. However, oil prices recovered after the US Dollar lost its strength. WTI jumped 0.79% at $43.42, while Brent futures rose 0.72% at $50.09 by 09:34 AM GMT. 
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Wed, 12 Aug 2015 11:22:06 GMT

US stock futures in the red on PBoC steps

Wall Street was set to open sharply lower on Wednesday as the second devaluation of the Chinese national currency hurt exporters' shares. The DJIA futures declined 1.21%, while those for the S&P 500 slip 0.96%. Carmakers, technology companies, miners and luxury-goods makers are expected to post losses after the PBoC's devaluation move as China is one of their top export

Wed, 12 Aug 2015 09:57:05 GMT

European stocks lower amid growing concerns on China

Equity markets in Europe moved lower on Wednesday as Chinese authorities continued with the Yuan devaluation, rising concerns over the growth outlook for the world's second largest economy. The pan-European Stoxx 600 index slumped 2%, the German DAX erased 2.12%, while the French CAC 40 lost 2.27%. Devaluation of Yuan scared many investors to move from risky equities into safe-haven

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