Oil Still Awaits U.S. Supply Data. Oil prices fluctuated on the London session amid signs of any additions to U.S. oil supplies. U.S. crude oil supplies increased by 2.4 million barrels last week, according to the American Petroleum Institute. Reports from analysts predicted Dep.Energi today will show a gain of 2 million barrels. Supplies of gasoline and distillate oil also rose, according to the API. "It appears that the supply of oil will go up in the spring," said Andy Sommer, senior oil analyst at Trading Axpo AG in Zurich, Switzerland. "Demand and Supply on the market is fairly balanced, with a slight deficit, but this is the normal seasonal pattern. We see a decrease in the risk of entering the spring. "
Comments Suga weaken yen
The yen weakened for the first time in three days against the dollar after Prime Minister Shinzo Abe, who urged the Bank of Japan doubled the inflation targets, today met with the BOJ governor Masaaki Shirakawa. The Japanese currency depreciated by at least 0.7% against all major currencies after Japan's chief cabinet secretariat Yoshihide Suga said central bankers should pay attention to the need for further monetary easing will tend to weaken the currency. "There are rumors that the BOJ will probably change the inflation target and this is something that could weaken the yen," said Antje Praefcke, strategic senior currency at Commerzbank AG in Frankfurt. "The trend of a weaker yen will continue."
Try Mute Strengthening Trade Deficit Sterling
Sterling looks difficult to continue rally in London session after data confirm the trade deficit fragile recovery of the UK economy. The trade deficit reached £ 9.164 billion for the month of November; better than previous publications £ 9.487 billion, but still worse than the predictions of £ 9.05 billion. GBP / USD is now trading 1.6069, try to avoid high levels of daily 1.6075 Britain has come out of recession in the third quarter of 2012; however most analysts doubt the sustainability of the recovery as the euro zone into recession and the continued implementation of the government's austerity policies. Economic recovery is sustained by the shock effect-ie, the London Olympics and the Queen's Birthday jubilee-that only happens once every few decades. BoE also expressed Britain's economy may have contracted in the fourth quarter of 2012.
Ends Kospi Low Level
Korean stock movement today (10/01) ends in two weeks and the low level recorded 0.3% decline in 264.35. The index is still continuing reprieve entered into five sessions after intensive institutional investor sales due to the bearish outlook ahead of corporate earnings season. Investor funds and large investors to sell shares to KRW126.4 billion. "The market lacks new momentum to boost the performance of the stock. Investors are not sure of the release of corporate earnings judge by the current global economic conditions," said an analyst at Mirae Asset, Jung Seung-jae. Samsung Electronics closed flat at KRW1, 500,000 after rising by 0.9%. Korea Electric closed up 2.6% at KRW31, 650 after the government planned to raise the rate to 5% this month.
Comments Suga weaken yen
The yen weakened for the first time in three days against the dollar after Prime Minister Shinzo Abe, who urged the Bank of Japan doubled the inflation targets, today met with the BOJ governor Masaaki Shirakawa. The Japanese currency depreciated by at least 0.7% against all major currencies after Japan's chief cabinet secretariat Yoshihide Suga said central bankers should pay attention to the need for further monetary easing will tend to weaken the currency. "There are rumors that the BOJ will probably change the inflation target and this is something that could weaken the yen," said Antje Praefcke, strategic senior currency at Commerzbank AG in Frankfurt. "The trend of a weaker yen will continue."
Try Mute Strengthening Trade Deficit Sterling
Sterling looks difficult to continue rally in London session after data confirm the trade deficit fragile recovery of the UK economy. The trade deficit reached £ 9.164 billion for the month of November; better than previous publications £ 9.487 billion, but still worse than the predictions of £ 9.05 billion. GBP / USD is now trading 1.6069, try to avoid high levels of daily 1.6075 Britain has come out of recession in the third quarter of 2012; however most analysts doubt the sustainability of the recovery as the euro zone into recession and the continued implementation of the government's austerity policies. Economic recovery is sustained by the shock effect-ie, the London Olympics and the Queen's Birthday jubilee-that only happens once every few decades. BoE also expressed Britain's economy may have contracted in the fourth quarter of 2012.
Ends Kospi Low Level
Korean stock movement today (10/01) ends in two weeks and the low level recorded 0.3% decline in 264.35. The index is still continuing reprieve entered into five sessions after intensive institutional investor sales due to the bearish outlook ahead of corporate earnings season. Investor funds and large investors to sell shares to KRW126.4 billion. "The market lacks new momentum to boost the performance of the stock. Investors are not sure of the release of corporate earnings judge by the current global economic conditions," said an analyst at Mirae Asset, Jung Seung-jae. Samsung Electronics closed flat at KRW1, 500,000 after rising by 0.9%. Korea Electric closed up 2.6% at KRW31, 650 after the government planned to raise the rate to 5% this month.
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