German Gfk consumer climate unchanged last month

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Source: Forexpros

German Gfk consumer sentiment indicator remained unchanged for September at 5.9, from 5.9 in the previous month. In the meanwhile, analysts predicted German leading indicator of consumer spending, which represents overall economic activity, to fall by 0.1 to 5.8.

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Tue, 28 Aug 2012 19:23:07 GMT

Wall Street little changed on Tuesday

Wall Street was little changed on Tuesday, as investors awaited the release of U.S. economic reports later this day. The Dow Jones Industrial Average added 0.12%, to 13,139.81; the Standard & Poor 500 Index edged 0.14% higher, to 1,412.33, while Nasdaq 100 futures rose by 0.18%, to 3,078.79.

Tue, 28 Aug 2012 19:01:07 GMT

Italian borrowing costs fell on Tuesday

After Italy has raised 3.75 billion euros on Tuesday at a sale of sovereign debt, nation's borrowing rates fell sharply from previous levels.  The rate on return earned by buyers of Italian government bonds due to mature in 2014 dipped to 3.064 per cent from 4.86 per cent at the last similar auction on July 26.

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