Oil Turns Lower As Bulls Fail To Shake Off Supply Worries

This is source I found from another site, main source you can find in last paragraph

Pound retreats on gloomy CBI data

  • FTSE 100 turns negative after UK business confidence drops sharply

  • European bourses lead higher by robust corporate earnings

  • Investors eye central bank meetings later in the week

  • CBI: Optimism in UK's private sector falls at fastest rate since 2009​

  • Oil skids below $45 a-barrel for the first time since May

  • BHS advisers under fire for overlooking 'manifold weakness' of sale plan

  • Brexit gloom hits UK manufacturers despite boost from weaker pound

  • Oil prices skid below $45 to two-and-a-half month low

    Brent crude prices fell to a two-and-a-half month low on global glut concerns. Traders also said data from Genscape, which pointed to an inventory rise of 1.1m barrels at the Cushing, Oklahoma delivery base for US crude futures last week, also weighed down prices. The price of a barrel of Brent crude tumbled to an intraday low of $44.65, down 2.3pc - its lowest level since May 11. 

    Rollercoaster trading session for the FTSE 100

    London's FTSE 100 suffered a rollercoaster trading session. The FTSE 100 rallied to a fresh year-high before crashing into negative territory, closing down 20.35 points, or 0.3pc, to 6,710.13, after oil prices skidded below $45 a-barrel for the first time in two-and-a-half months. ​It was also hurt by economic data from the CBI which showed that UK business confidence dropped at its fastest pace since the height of the financial crisis in 2009. 

    Pound remains weak on gloomy CBI survey

    The pound remained weak in the first trading session of the weak after a gloomy CBI survey suggested the UK could be headed for recession. The CBI Industrial trends report showed optimism among British manufacturers fell in July to its lowest level since the nadir of the financial crisis in early 2009, even as output rose in the last three months. Sterling made modest gains on the day, trading above $1.31 against the dollar. 

    This is source I found from another site, main source you can find in last paragraph

    Source : http://www.telegraph.co.uk/business/2016/07/25/ftse-100-stutters-and-pound-remains-weak-as-investors-eye-fed-an/



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