Crude futures decline as nuclear tensions in Iran ease

Note: This section contains information in English only.
Source: Forexpros

Futures for crude dropped in Asian trading hours on Wednesday, after China and U.N. Security Council nations agreed to continue talks with oil-rich Iran. On the NYMEX, Augusts delivery futures for light, sweet crude were traded at USD84.09 per barrel, easing 0.30% in the Asian trade. Earlier, contracts reached a session high at USD84.53.


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Wed, 20 Jun 2012 11:38:03 GMT

Futures for gold rangebound on Fed's policy meeting

Futures for gold were slightly lower in range bound trade on Wednesday in European early hours, as market sentiment was determined by Fed's two-day policy meeting. On the Comex, contracts for August delivery of gold were traded at USD1,618.25 per troy once, slipping 0.30% in early European trade. Support could be found at USD1,559.35, and resistance was likely to be at USD1,642.15.

Wed, 20 Jun 2012 08:11:00 GMT

Sumitomo Mitsui aims to boost overseas loans

Sumitomo Mitsui Trust Holdings which is the fourth largest Japanese lender by market value is considering to increase the size of foreign loans by 32% through 2012. The target would expand bank's abroad lending by JPY 900 billion to JPY 2.8 billion. Japanese banks are gaining market share in Europe as region's lenders are struggling with European debt crisis.

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