Crude oil advanced on the Euro Zone's optimism

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Source: Forexpros
Crude oil futures eased up during Asian session on Wednesday, approaching two-week high after inspiring German sentiment data as well as successful Spain's auction spurred hopes for better demand prospects. Light, sweet crude oil futures for June delivery traded at 104.74 US Dollars per barrel on the New York Mercantile Exchange, rising from the previous session's low of 104.61 US Dollars per barrel.
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Wed, 18 Apr 2012 10:41:35 GMT

Bank of Japan is ready for new monetary easing

The Bank of Japan reported that it is ready for more accommodative policy to boost economic activity and avoid deflation. It is necessary to readjust monetary policy to speed up sluggish recovery and increase further growth potential for curbing deflation, said Kiyohiko Nishimura from the BoJ. The Bank of Japan has to make efforts to achieve its target inflation rate

Wed, 18 Apr 2012 09:32:54 GMT

Spanish accelerating bad loans may renew investor doubts

Spanish climbing proportion of bad loans are casting doubt about successful bank clean-up without damaging public finances. The proportion of non-performing loans versus total lending rallied to 7.91% January, the highest figure since 1994, Bank of Spain reported on Wednesday. Additionally credits is diminishing while defaults are climbing amid unemployment rate of 24%. 

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