Bank of England suggests inflation risks has diminished

Note: This section contains information in English only.
Source: Bloomberg
The Bank of England announced the risks of excess inflation has eased in last few months and economy may be ready for another monetary stimulus as European debt turmoil harms UK. Data released yesterday showed inflation fell from 3.0% in April to 2.8% in May, a lowest CPI reading since December 2009.
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Wed, 20 Jun 2012 07:41:00 GMT

US shares finish higher ahead of Fed meeting results

US main share indices rallied on Tuesday spurred by news the Federal Reserve in its meeting is discussing measures to stimulated economy. S&P 500 index added 0.98% or 13.20 points and finished at 1,357.98. Dow Jones Industrial Average gained 0.75% or 95.51 points and ended at 12,837.33. Nasdaq Composite surged 1.19% or 34.43 points and settled at 2,929.76. 

Wed, 20 Jun 2012 07:12:00 GMT

Aussie weakens on higher Spanish borrowing costs

The New Zealand and Australian Dollar depreciated versus greenback as surging Spanish yields fuelled investor worries about Europe outlook. Spain is holding bond auction tomorrow. Aussie shed 0.1% versus US Dollar to USD 1.0182 and Kiwi sank 0.4% to USD 0.7952. Currently AUD/USD is trading at 1.0187 and NZD/USD is trading 0.7953.

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