Australia's credit rating won't be decreased as Moody's says

Note: This section contains information in English only.
Source: Marketwatch
The world's leading credit rating agency Moody's said on Monday, that Australia's triple A credit rating is able to survive a contraction of country's mining industries and lower commodity prices, which will definitely hurt Australia's government budget. Iron and coal make around thirty per cent of Australia's exports, which is tightly related with China, which is also experiencing uncertainty about the domestic economy's growth.
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Mon, 12 Nov 2012 14:06:46 GMT

Germany's wholesale price inflation inched to 11-month high

The Federal Statistical Office reported on Monday that wholesale price inflation increased its pace to the fastest in 11 months in October. The wholesale price index grew to an annualized 4.6% last month compared to a figure of 4.2% in the preceding month. Analysts, however, expected that prices would gain even more and the index would reach 4.9%.

Mon, 12 Nov 2012 12:44:41 GMT

Gold futures edged higher on Monday

Gold futures edged higher on Monday, November 12, reaching three-week high, amid growing uncertainty over Greek's bailout plan and U.S. fiscal woes. Gold for December settlement added 0.19% to $1,734.20 an ounce, after jumping 3.3% during the previous week. Other precious metals were mixed, as December silver rose 0.05% and January platinum soared 0.53%. On the contrary, copper and palladium with December contract eased up 0.02%

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