Oil above $46.00 ahead of US inventory data release

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Source: The Wall Street Journal
Prices for crude oil were trading flat on Tuesday ahead of a report on US commercial crude inventories. WTI futures for November delivery were down $0.01 to trade at $46.25 per barrel, whereas Brent futures for delivery in November climbed up $0.09 to trading at $49.34 per barrel. In the prior week, the US government reported that refineries operated at 89.8% of their total capacity, down from the preceding week's 91%.
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Tue, 06 Oct 2015 09:00:09 GMT

Stocks in Europe open lower after poor German factory data

European equity markets opened lower on Tuesday, following weak factory orders in the Euro area's number one economy powerhouse, with traders trying to plot the next Fed's policy moves. Germany's DAX 30 index declined 0.19%, while the UK FTSE 100 index lost 0.31%. Among the other indices, the French CAC 40 edged 0.05% lower, while the pan-European Euro Stoxx decreased

Tue, 06 Oct 2015 08:07:03 GMT

German factory orders decline in August

Factory orders in Germany remained in the red in August, indicating that the Euro zone's biggest economy is also vulnerable to headwinds from slowdown in emerging economies. According to Tuesday's report, industrial orders in Germany fell 1.8% during the reported month, while analysts expected the reading to post a 0.5% increase. In the prior month, the revised gauge dropped 2.2%.

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