U.S. trade gap tumbled to $42.9 billion

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Source: Marketwatch
As Commerce Department's report showed, the U.S. trade deficit tumbled by 10.7 per cent to $42.9 billion in June, from $48.0 billion in the month earlier. Meanwhile, it is the biggest improvement of a trade gap since February. As the gap narrowed, the boost for GDP growth should be provided.  At the same time, the number of filed jobless claims declined by 6,000 to 361,000 in the previous week.
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Thu, 09 Aug 2012 17:46:16 GMT

Euro lost ground on Thursday

On Thursday, August 9, the single currency lost ground versus its major peers, as the ECB's report signaled the further economic contraction, even worse, than it was predicted earlier. The Euro erased 0.5 per cent to $1.2303 during today's New York trading session. The single currency weakened against the Yen as well, with losing 0.1 per cent to 96.84 per yen.  At the same time, the

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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