German 10-year bunds steady ahead of ECB decision

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Source: Bloomberg
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German government bunds remained flat as ECB lawmakers decision on interest rates. German 10-year bond yielded 1.51%, following a gain to 1.57% on June 3. Investors who hold Germany's stocks and bonds suffered a loss of 0.7% this year. The ECB decreased its refinancing rate by 0.25% on May 2 and Draghi indicated he's ready to cut interest rates if economic measures are weak.
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Thu, 06 Jun 2013 13:16:08 GMT

Oil prices little changed before ECB update

U.S. crude oil futures gained on Thursday, led by a small drop in the U.S. currency before the ECB's monetary-policy report and one-month U.S. employment data at the end of the week. Oil for July delivery rose 0.2% reaching $93.95 a barrel during Asian trading hours. According to reports from the government, U.S. oil supplies fell more than predicted.

Thu, 06 Jun 2013 09:22:08 GMT

Latvia will be poorest member of Eurozone

Five years ago Latvia had the highest inflation rate in the European Union and the wages in this Baltic country are more than four times lower compared to Germany; however, the ECB announced that Latvia can join the Eurozone. The real GDP per capita in Latvia is 6,800 Euros ($8,900), making it the poorest country to join the shared currency

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