Crude Oil Futures Advance After China Data

Crude oil futures advanced during the Asian trading hours Thursday after data showed Chinese inflation continued to cooled for a fourth straight month in July, rising hopes for monetary easing measures to support growth.

China Hails Sudanese Oil Deal

China hailed the recent agreement between Sudan and South Sudan that will allow the landlocked South to resume exporting crude oil through its northern neighbor's pipelines after months of tense negotiations.

ExxonMobil Is Expected To Report Weak Earnings From Lower Gas Prices

Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.

Crude Oil Futures Gain After China Data

Crude oil futures advanced Tuesday as fears over a sharp growth slowdown in the world’s second largest economy slightly eased after a report showed that Chinese factory activity in July grew at its fastest pace in five months.

US Q2 GDP, Durable Goods, Pending Home Sales: Economic Events For July 23-27

In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent. This will be the final major data point to influence participants at the July 31 - Aug.1 meeting of the policy-setting Federal Open Market Committee.

Spain's Stock Market Drops To Lowest Level In Nearly 10 Yrs

Spain's stock market plunged Monday to its lowest level in nearly 10 years on growing doubts that the nation can avoid defaulting on its massive debts without an external rescue. The government also instituted a three-month ban on short-selling all securities.


Analysts expect gold prices to continue to rise in 2012 on the back of loose monetary policy from the Federal Reserve and European Central Bank

Gold Prices Climb Towards $1,600 As Euro Firms

Gold prices rose towards $1,600 an ounce on Tuesday in line with the firmer euro as investors awaited a statement from Federal Reserve chair Ben Bernanke later, after soft U.S. data fuelled talk he may hint at fresh measures to stimulate the economy.

China's Economic Growth Slowest in 3 Years

China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.