European stock markets gain on Obama's victory

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

The Stoxx Europe 600 Index advanced 0.4% to 275.86 in early European trading session on Wednesday. Europe's equities are higher four days out of five, as Barack Obama defeated Mitt Romney in the presidential elections.  As the U.S. elections finished, markets expect clarification from the Bank of England and the European Central Bank. Announcements from these institutions should bring busier trading sessions in the next days.

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Wed, 07 Nov 2012 12:41:19 GMT

Swedish budget deficit surpasses forecasts in October

The National Debt Office of Sweden announced today, that the actual domestic budget deficit was 14.2 billion Swedish Krona in October, what is 1.7 billion more than the government's predictions. Budget plan was not implemented, as tax income was lower by 3 billion Swedish Krona than government budget guidance. For one year period, till the end of 2012, Swedish government deficit should

Wed, 07 Nov 2012 12:19:19 GMT

South Korea's currency touches a 14-month high

South Korea's Won was 0.5% higher to 1,085.55 per Dollar in Seoul trading session on Wednesday. The Won reached a 14-month high, as the U.S. presidential election results were announced and Barack Obama secured the Presidential position.  However, such high exchange rate of the Won threatens to hurt South Korea's export as the domestic economy started to show recovery signs.

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