Euro zone's PMI disappoints, adds to deflation concerns

Note: This section contains information in English only.
Source: Bloomberg
Along the lines of the release of China's PMI, Euro zone's Purchasing Managers Index failed to bring about a better economic outlook. The Index slid from 53.1 in August to 52.8 in September, adding fuel to the concerns over the European economies nearing serious doldrums. In addition, the economic growth has come to a halt in the three largest economies of the common currency union, and inflation has reached its lowest in five years time.

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Wed, 24 Sep 2014 07:36:06 GMT

Between Asian shares and the Dollar, gold picks up

The yellow metal managed to keep its gains on Wednesday due to the slide in Asian shares; however, investors remain reserved in gold purchases as the Dollar is still strong. In addition, the U.S. manufacturing data, which was better than expected, has pushed prices to their lowest since January. Sport gold was at $1,223.40 per ounce, adding 0.7% the session

Tue, 23 Sep 2014 08:29:03 GMT

Brent prices touch $97 on China's PMI pick up

Brent crude prices were one of the many commodities and indices that managed to increase on the account of the improved China's PMI, which increased by 0.3 to 50.5 for the month of August surpassing the projections of 50. Brent for November delivery added 48 U.S. cents to $97.45 per barrel, reversing Monday's slide of more than a Dollar. U.S.

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