Oil extends gains after 10% rally

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Source: Reuters
Crude futures climbed on Friday after the biggest daily rise in six years in the previous session, and are on track to break an eight-week losing streak. WTI futures were trading 1.20% higher at $43.04 per barrel, while Brent crude gained 0.76% to $47.83 per barrel by 07:06 AM GMT. The recent rally in oil prices was mainly sparked by a rebound in global stock markets, as well as by the upbeat US GDP figure. 
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Fri, 28 Aug 2015 11:02:07 GMT

Asian stocks widens gains on strong US growth

Stock markets in Asia rose on Friday, as the solid US economic growth data calmed sentiment and offset concerns about global growth. China's benchmark Shanghai Composite ended 5% higher, following a 5.4% rally on Thursday. Meanwhile, Hong Kong's Hang Seng Index advanced 0.64%, the Japanese Nikkei climbed 3%, while South Korea's Kospi rose 1.56%. Nevertheless, analysts claims that overall sentiment

Thu, 27 Aug 2015 17:29:08 GMT

US economy grows 3.7% in Q2, beating expectations

The economy of the United States expanded more than expected in the Q2 amid strong domestic demand, showing rather solid momentum that would still allow the Fed to raise its interest rates later this year. The official data showed that the country's GDP rose at an annualized rate of 3.7% in the second quarter, much higher than the forecasted rate

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