European Stocks Edge Lower on Rising Oil Prices, Equities Slip as Oil Rise hits Growth Hopes

Oil prices indicator will be challenge for traders this week, Equities slip as oil rise hits growth hopes, Euro and stocks dip in cautious trading with many risk assets retreating marginally from recent highs, risk appetite rose briefly

From US stocks off post-financial crisis highs, The S&P 500 fell 0.8 per cent to 1,355.5 as several analysts advised clients to take profit over the weekend

Meanwhile, Italy's short-term yields hit 17-month low, In a further sign of improving investor sentiment towards the country's debt Rome sells €12.25bn of Treasury bills

Update news from Greek we reported, Disquiet at Greek deal weighs on Europe, European stocks edge lower on rising oil prices and reports of increasing German displeasure with the latest Greek bail-out update

By the way, Resurgent haven demand spurs yen rally, Japanese currency climbs after a month of unusual weakness, and the euro loses ground ahead of the German vote on the planned bail-out for Greece

From stocks latest news we reported FTSE falls below 5,900 as risk stocks suffer, Essar Energy leads falls after earnings miss while HSBC numbers are not enough to lift its shares as banks remain under shadow cast by Lloyds Corporation

Oil price rise sparks profit concerns in Asia, Energy-intensive industries hit as surge in crude prices raises fears it could choke off improvement in US data and worsen economic conditions in Europe especially for Eurozone crisis