Brent rises as inventories fall in U.S.

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Source: Bloomberg
The European benchmark crude advanced on Friday trading session with the Brent-WTI premium rising after a report showed that manufacturing activity in the U.S. increased faster than expected in December and as stockpiles in the U.S. dropped to 364.7 million barrels. Brent for delivery next month added 0.1% or 15 cents to $107.93 per barrel on the London's ICE Futures Europe exchange.

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Fri, 03 Jan 2014 11:30:03 GMT

European shares are little changed after China's data

European equities fluctuated on Friday trading session on speculation that gains may be extended after the region's benchmark gauge recorded the largest yearly advanced since 2009 and as China's service sector slowed down in December. The Stoxx Europe 600 Index gained 0.2% to 326.32 as of 8:09 a.m. London time after it dropped the most since December 17 yesterday.

Fri, 03 Jan 2014 11:08:06 GMT

Chinese stocks fall as service sector records 4-month low

China's shares declined on Friday trading session with the local benchmark stock index recording a weekly fall after the country's non-manufacturing sector declined to the lowest level in four months in December according to a government report today. The Shanghai Composite Index tumbled 1.2% to 2,083.14 and it dropped 0.9% this week.

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