Saturday, February 9, 2013

Euro Climbs After Hitting Two Week Low, Oil Prices Rally to 9-month High, Brent Crude Hits $118.41

Latest update from China, Trade data boost market sentiment, Stronger than expected trade data from China cheer investors but Nikkei 225 bucks the regional trend, sinking 1.8 per cent on a firmer yen

US stocks on Wall Street lifted as US trade gap narrows, US equities bolstered by data that show the trade deficit narrowed in the final month of 2012

Meanwhile, Oil prices rally to 9-month high, Brent crude hits $118.41, the highest since early May, on strong Chinese demand, lower Opec supplies and concerns about instability in North Africa

Eurozone currency, Euro climbs after hitting two week low, Single currency recovers ground after heavy falls in previous session that followed ECB president Mario Draghi's remarks on its recent strength

Stocks news, Gaming stocks surge on US access hopes, Hopes in the US that internet-based gambling could be legalised in New Jersey leave the sector with big wins at the top of the FTSE 250

The biggest south east Asia bank, ICBC named sole Singapore renminbi clearer, Bank move puts in place the final building block needed to launch the city-state's role as southeast Asia's hub for the Chinese currency

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