Yen falls before BOJ minutes

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Source: Bloomberg
© Scanpix/Reuters
The Japanese Yen fell versus the major peers before the BOJ releases minutes of its October 4-5 meeting tomorrow on speculation the bank will ease its monetary policy further. The Yen set for a three-day decline against the Euro as Panasonic Corp. projected the second-biggest loss in its history. Japan's currency fell 0.4% to 103.75 per euro following a 0.4% decline in the past 2 days. The Yen lost 0.3% to 80.04 per U.S. Dollar.
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Thu, 01 Nov 2012 06:57:06 GMT

European equities edge higher on positive Chinese data

After falling on Wednesday due to disappointing reports of BG Group, ArcelorMittal and Barclays, today European shares opened higher as data indicated signs of growth in China's manufacturing sector. The purchasing managers' index advanced to 50.2 this month from 49.8 the prior month. Experts said Chinese economy is recovering after suffering from decreased exports.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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