Futures fell for crude oil during the European trading Monday, as concerns over the economy in China dramatically, leading to a decline in energy demand ..
Losses remained limited amid growing speculation that the decision-makers in the United States, Europe and China Sicomo new stimulus measures to boost growth in their economies.
On the New York Mercantile Exchange, oil contracts were traded light sweet crude for delivery in October at 96.40 dollars a barrel during European morning trade, shedding 0.1%.
Prices traded in a narrow range at 96.02 dollars a barrel, the lowest price for the day and the highest price for the session at 96.47 dollars a barrel. The prices reached the highest level for four days at 96.91 dollars a barrel on Friday.
Index procurement Mderer in China (HSBC) to its lowest level in 41 months at 47.6 in August from an initial reading of 47.8, new orders also fell in the face of weak global demand.
In Japan, government data showed earlier that capital spending rose less than expected in the second quarter, by 7.7% after increasing 3.3% in the previous quarter.
Analysts had expected an increase in capital spending by 8.9% in the second quarter.
The People's Bank of China cut both twice so far this year in a bid to boost lending and spur growth.
Cash incentives tend to benefit from gold, where yellow metal is seen as a safe store of value and a hedge against inflation.
Market awaits U.S. government data on non-farm payrolls on Friday, to see if the labor market has improved.
And track the movements in the price of gold this year largely to expectations about whether the U.S. central bank will pump more money into the financial system.
Elsewhere, in the Stock Exchange (ICI) fell, oil futures Brent for October delivery rose 0.05% to trade at $ 114.62 a barrel, where the difference between stop Brent crude at 18.22 dollars a barrel.
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