Geman unemployment increased in November

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Source: Bloomberg
© Scanpix/FP
German unemployment increased by 5000 to 2.94 million in November for an eight consecutive month and jobless rate was 6.9% as the Federal Labor Agency announced today. The largest European economy's labor market shrinks as Europe's debt crisis damages companies investment and economic growth. The unemployment rate increased for the first time in three year in September, despite the fact that economy expanded by 0.2% in the third quarter.
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Thu, 29 Nov 2012 13:53:19 GMT

Japanese stocks erased losses on easing hopes

Japanese stocks rebounded from Wednesday's drop, as Goldman Sachs pledged changes in policy would contribute to share prices if the opposition wins election in December. Investors hope that the election will decrease frustration about political uncertainty. The Nikkei 225 advanced 1% to 9,400.99, recovering from its Wednesday's loss, the biggest in three weeks. All sectors climbed, with basic materials, technology

Thu, 29 Nov 2012 12:47:19 GMT

Euro gains on optimism that U.S. will reach a deal on new budget

The Euro, 17-nation currency, advanced by 0.3% to 106.60 yen and by 0.2% to $1.2981 in the beginning of London trading session on Thursday. The Euro strengthens on speculations that Barack Obama and Congress will reach an agreement on a new U.S. budget and avoid the fiscal cliff, which most probably would drag the biggest world economy in a recession.

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