Tag Archives: European

alpari11

European futures rally on encouraging data from Asia

European futures rally on encouraging data from Asia

European indices seen higher on encouraging Chinese, Japanese and US data; Friday’s jobs report provides boost in Asia over night; China records highest trade surplus in more than five years; Japanese GDP sees unexpected upward revision. European indices are expected to start the week on a positive note following the release of some encouraging data
Alfonso-Esparza

Oil Drops on Weaker European Indicators

Brent crude fell to a three-week low on concern a weaker European economy will reduce demand and as Libya’s oil production gained. West Texas Intermediate’s discount to Brent narrowed before weekly inventory data. The European benchmark slipped for a third day. The Euro-region unemployment rate stayed near a record high in April, Luxembourg-based Eurostat reported.
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