Oil climbs before Europe Debt Meetings

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Source: Bloomberg
Oil rose to a three-month high in New York after belief European debt meeting this week will start active resolving of the euro area's recession raised oil prices against expectations of increasing supply in the U.S. On Tuesday, September-delivery crude increased to $96.76 per barrel, the strongest since May 11, and was at $96.67. October futures rose to $96.92.
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Tue, 21 Aug 2012 13:46:48 GMT

Treasuries yields rise on Greece, Fed stimulus expectations

The U.S. 10-year bond yields advanced to the highest in three month amid belief a proposal to lighten Greece's bailout terms will ease the Eurozone crisis and amid declining bets the U.S. will add extra stimulus. On Tuesday, 10-year notes yield rose to 1.83%. The benchmark yield surged to 1.86% yesterday, the highest since May 11.

Tue, 21 Aug 2012 17:26:48 GMT

German equities move higher after Spain's debt sale

German stocks jumped on Tuesday on positive news from Spain. Spanish yield on 12- and 18-month bills declined to 3.07% and 3.34% at the debt sale on Tuesday. Currently, the markets are quiet as traders await meetings between the EU leaders to resolve the crisis in the region. The German DAX Index added 0.38% to trade at 7,059.89 at GMT

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