Oil Gets Back on the Track

Note: This section contains information in English only.
Source: Bloomberg
On Tuesday, oil futures rose 0.7%, after 4% decline yesterday. HSBC Holdings Plc has reported  preliminary  purchasing managers' index of 49.5, which would be the top level since February. Oil for September transfer was as $88.76 per barrel in e-trading on the New York Mercantile Exchange. Prices have dropped 10% this year.
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Tue, 24 Jul 2012 13:05:31 GMT

Gold declined on solid greenback

Precious metals started the week on the negative note amid lingering worries over Eurozone's debt crisis. Stronger US Dollar coupled with looming Fed policy meeting also weighted on the commodity group. Gold slid on Monday as demand for the precious metal weakened on the US Dollar rally. The greenback caught momentum after Moody's cut its outlook on Germany, the Netherlands and

Tue, 24 Jul 2012 10:09:31 GMT

German data hits Euro and stocks

Germany's manufacturing sector shrank the most in July in the last three years. Markit PMI contracted by 1.7, reached 43.3 (gauge of 50 separates contraction from expansion of economy) and indicates that Germany's economy might shrink in the third quarter this year. EUR fell to 1.2104 USD slightly above a two year low of USD 1.2067. FTSEurofirst 300 index, which contains top European shares, lost 0.2% and canceled all the previous

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