Oil falls amid U.S. inventories, China outlook

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Source: Bloomberg
Oil tumbled for a second day on Wednesday as U.S. crude inventories jumped for the fourth consecutive week and China consumer sentiment slipped. November-delivery oil lost 46 cents to $91.43 per barrel in New York and traded at $91.44. Same month Brent oil declined 0.06% to $110.90 per barrel in London.
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Wed, 03 Oct 2012 09:21:48 GMT

U.K. services sector expand less than forecast in September

U.K. service sector output advanced at a weaker-than expected rate in September, as economy posted the first net decline in employment in last ten months, Markit Economics said on Wednesday. The seasonalized Services Purchasing Managers Index dropped 1.5 points to 52.2, compared to 53.7 in August. Analysts had forecast a reading of 53.1."With no Bank Holidays until Christmas and the

Wed, 03 Oct 2012 10:05:44 GMT

China consumer confidence drops in September

China's consumer sentiment declined for the third consecutive month in September, reaching the weakest level since December, Deutsche Boerse's MNI showed on Wednesday. The index came out at 89.3 from 90.4 in August. Future income expectations surged to 88.2 from 87.9 in the previous month. Housing market confidence fell back after improvement in August, while the stock market sentiment rose

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