European stocks lower ahead German court decision and on China's imports drop

Note: This section contains information in English only.
Source: Bloomberg
European stock slightly decreased as the Stoxx Europe 600 index lost 0.3% to 271.01 points on the very beginning of London trading session. Investors pay attention to German court decision on suspension of €500 billion permanent bailout fund on September 12. Moreover, inbound shipments of China, Europe's trading partner, decreased by 2.6% in August comparing with one year earlier,indicating a weak domestic demand.
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Tue, 11 Sep 2012 11:56:45 GMT

Trade gap in U.K. narrowed more than expected

The Office for National Statistics reported on Tuesday that the U.K.'s trade deficit decreased in July to GBP7.2 billion from the June's figure of GBP10.1 billion. Economists, however, expected that the trade deficit would witness a more modest decline and would be equal to 9 billion pounds. Britain's export grew by 9.3%, while imports decreased by 2.1%.

Tue, 11 Sep 2012 10:07:44 GMT

Aussie, Kiwi remain lower on China's slowdown concerns

The South Pacific currencies, namely the Australian and New Zealand Dollar, stayed lower amid weak demand for commodity currencies on escalating concern about China's economic slowdown. The Aussie Dollar was little changed at $1.0330 following a 0.5% decline yesterday, the biggest decrease since September 3. The Aussie touched 80.80 Yen from 80.91. The Kiwi fetched 80.95 U.S. cents from 80.88.

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