Oil hits three-month high

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Source: Marketwatch
Oil futures continued three-day rally on Tuesday, and hit three-month high, as Wall Street edged higher and weaker U.S. Dollar helped oil's gains.  Crude oil with September contract jumped 0.7 per cent, to $92.89 per barrel during today's New York trading session.  In the meanwhile, investors are waiting for the American Petroleum Institute's report, as inventories are expected to decline, pushing crude higher. Other energy contracts also gained on Tuesday, with September natural gas and September heating oil jumping 0.5 per cent and 0.7 per cent respectively.
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Tue, 07 Aug 2012 17:38:11 GMT

Wall Street turned green on Tuesday

U.S. stocks turned green on Tuesday, with S&P reaching 1,400, on hopes that central banks are ready for bold actions to bolster economic growth. The Dow Jones Industrial Average added 0.57 per cent to 13,192.7, the S&P 500 Index soared 0.66 per cent to 1,403.47, reaching a three-month high, and the Nasdaq Composite jumped 0.79 per cent to 3,013.33.

Tue, 07 Aug 2012 16:32:10 GMT

European consumers spent less in the second quarter

As European governments are implementing austerity measures in order to curb the debt crisis, consumers are reining in spending as well. Consumers in France spent 0.2 per cent less during the second quarter. Meanwhile, consumer confidence in the Eurozone reached three-year low in August. Moreover, companies included in the European Stoxx 600 Index reported lower quarterly earnings and overall consumer spending on services and

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