Pound strengthens on speculation of less stimulus

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Pound headed for a second-day advance versus the U.S. Dollar on speculation the BOE will refrain from adding stimulus at the meeting of policy makers next week. Sterling rose against almost all of its major peers as the SNB said it increased amount of pounds in the foreign-exchange reserves. The pound gained 0.3% to $1.6113 after rising 0.3% yesterday. Sterling advanced 0.2% to 80.45 pence per Euro, following a 0.5% drop over the past 3 days.
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Thu, 01 Nov 2012 09:32:03 GMT

Japanese stocks gain as yen eases and China's manufacturing grows

Japan equities inched up after the weakening of national currency and positive data on China's manufacturing expansion. The Nikkei 225 surged 0.2 percent to 8,946.87 by 3 p.m. in Tokyo, rebounding from a 0.6 percent fall. The Topix index advanced 0.1 per cent to 743.32. Construction machinery producer Komatsu Ltd. increased 3.1 per cent, while Nippon Meat Packers Inc. jumped 13 percent.

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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