Japan's April-June GDP downgraded to 0.7%

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Source: Forexpros

As reported by the Ministry of Finance, Japanese economy grew less than expected in the second quarter. Nation's GDP was revised to an annualized 0.7%, downgraded form the earlier estimate of 1.4%. The April-June GDP corresponds to a 0.2% gain from the preceding quarter, compared with the earlier reported growth of 0.3%.

 

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Mon, 10 Sep 2012 16:36:43 GMT

UK equities slide on weak data from Asia

UK shares slide on Monday despite speculation that the Fed and POBC will loosen their monetary policies. Meanwhile, market participants remained cautious ahead of the decision of the Federal Constitutional Court regarding suspension of EUR500 billion fund. The court is due to report its decision on Wednesday. The FTSE 100 Index dropped by 0.03% to trade at 5,797.38. Five sectors

Mon, 10 Sep 2012 19:21:43 GMT

The Euro lower versus the U.S. dollar on Fed expectations

On Monday, the 17-nation currency was lower versus the Greenback, but remained supported as disappointing U.S. data fueled expectations of further Fed stimulus. EUR/USD hit a session's low of 1.2700, and subsequently consolidated at 1.2778, losing 0.29% in European afternoon trading session. The pair's support was likely to be at 1.2625, while resistance could be at 1.2816.

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