Euro block unemployment rate at record high, inflation rises amid energy costs

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Source: RTTNews
© Scanpix\Reuters
Unemployment rate in the Euro block rallied and reached a record high level, indicating that the recession in business activity prolongs to reflect on the labor market in spite of growth signs in the economy. The unemployment rate climbed to 12.1% in May, there were approximately 19.22 million jobless people in the Eurozone in May.
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Mon, 01 Jul 2013 16:01:05 GMT

U.S. shares climb as investors expect manufacturing report

U.S. equities advanced, as the Standard & Poor's 500 Index showed its first monthly decline since October, ahead of the data that may indicate manufacturing recovered previous month from its biggest fall since 2009. The S&P 500 jumped 0.7% to 1,617.92 and the Dow Jones Industrial Average gained 0.6% to 15,001.39.

Mon, 01 Jul 2013 13:46:08 GMT

Eurozone manufacturing data tops expectations

Eurozone manufacturing output declined less than previously expected in June, fueling the speculations that Euro-area is starting to recover from recession. Manufacturing gauge in the Euro bloc rose to 48.8 previous month from 48.3 in May and that is above the expected 48.7 on June 20. Today's PMI report followed a promising sentiment report for June.

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