European Equity Benchmarks Surge Higher

European Equity Benchmarks Surge Higher

The broad-based major European indices closed sharply higher in Wednesday’s trading session, as banks, automotive stocks, and construction materials suppliers helped the markets surge as high as 2%. In economic news, the inflation rate in Germany, as measured by the consumer price index, is expected to be 2.2% in February, according to the Federal Statistical Office (Destatis) 2017. It was the highest rate of inflation since August 2012. Destatis also […]

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Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52 per barrel. Earlier in the day WTI and Brent had […]

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