Spanish GDP lost 0.5% in January-March

Note: This section contains information in English only.
Source: 24/7 Wall St.
According to the latest statistics, Spanish economy declined 0.5% in the first quarter of 2013 from the last quarter of 2012. On a yearly basis, GDP contracted by 2%. The Central bank of Spain expects GDP to decrease 1.3% this year. Additionally, unemployment rate in the country reached 27%. Moreover, country's budget deficit is planned to be 6.3% this year, more than 4.5% predicted before.   
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Thu, 30 May 2013 12:02:05 GMT

Europe's shares bounce back from the lowest level in three weeks

Europe's shares jumped, bouncing back from the lowest level in three weeks, ahead of the reports that may positively impact the U.S. economy. The Stoxx Europe 600 Index gained 0.2% to 303.14 as of 9:46 a.m. London time, while the Standard & Poor's 500 Index fell 0.2%. The Stoxx Europe 600 Index is set for a 2.2% climb in May,

Thu, 30 May 2013 11:40:04 GMT

Gold rises as Dollar weakens with shares

Gold gained to a highest level in one week as the greenback and the shares declined. Spot gold climbed 1.3% to $1,411.27 an ounce, the highest level since May 22, and it is set for the first back-to-back daily gain in almost a month. However, the prices have declined 4.8% this month on bets that the Fed may scale back

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