German consumers are more optimistic this year

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Source: Forexfactory
Germany faced an increase in the optimism among its consumers since the beginning of 2012. Willingness to purchase and economic expectations both improved essentially while income expectations stayed almost unchanged. The gauge of economic expectation added 8.4 points and willingness to purchase soared 14.4 points while income expectations indicator posted 0.1 points gain.




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Thu, 26 Jan 2012 09:17:48 GMT

Capital outflow may return to Russia

Russia may again face capital outflow in the nearest future, said Alexei Ulyukayev from the Russian Central Bank. He added that this phenomenon may appear in the current quarter but is likely to disappear as quickly as it occurs. The bank also announced its inflation forecast of 0.6-0.7% in January which is much more optimistic than 1% initially expected.

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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