Euro approaches 3-week record low ahead of German data

Note: This section contains information in English only.
Source: Bloomberg
17-nation currency weakened towards Japanese Yen before German industrial production data which are expected to show contraction, adding pressure on ECB to postpone increasing interest rates. The Euro 0.2% against Japanese currency to JPY 108.13. Currently USD/JPY is trading at JPY 82.21.
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Thu, 05 Apr 2012 06:11:47 GMT

Morgan Stanley: gold to hit 2,175 US Dollars per ounce

Morgan Stanley projects the gold's price to average at 1,845 US Dollars per ounce this year whereas oil prices are likely to average at 105 US Dollars per barrel. The yellow metal's price is expected to rise to 2,175 US Dollars per ounce next year. However, the oil market is likely to follow bearish trend and may even decline to

Thu, 05 Apr 2012 07:16:24 GMT

US shares decline on renewed debt fears

US stock markets ended down on Wednesday as weak Spanish bond auction returned investor worries about global economic perspectives. S&P 500 index fell 1.02% or 14.42 points to 1,398.96, Dow Jones Industrial Average shed 0.95% or 124.80 points to 13,074.75 and Nasdaq Composite index gave up 1.46% or 45.48 points to 3,068.09.

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