No sign of strong Europe's recovery as Germany and France report GDP

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Source: Bloomberg
The German gross domestic product advanced 0.3% in third quarter, thus approving analysts forecasts, while France GDP unexpectedly contracted 0.1%.  The Eurozone's largest economy which accounts for 27% of entire Euro block GDP performed better in previous quarter, when their GDP expanded 0.7%. Today the Economic Union's statistic office is going to announce entire growth of Euro area, while it is expected that the growth will be slowed to 0.1% from 0.3% growth in second quarter.
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Thu, 14 Nov 2013 10:19:08 GMT

BNP Paribas to acquire last 25% of shares in Fortis division

BNP Paribas SA, the fourth largest bank in the world, is planning to buy the last 25% stake in its subdivision BNP Paribas Fortis SA that is currently owned by the Belgian government. According to the plan, the selling price of 3.25 billion euro could help the Belgian government to reduce the public debt. Today, BNP Paribas SA shares are

Thu, 14 Nov 2013 09:57:06 GMT

Japanese industrial production revised down against expectations

According to Japanese Ministry of Economy, growth in manufacturing production of the country was revised down to 1.3% in September of this year, while the prelim estimate showed a 1.5% advance. Economists did not expect any changes from the initial data. Among particular sectors of Japanese manufacturing, shipments rose 1.5% instead of 1.6%, while inventories declined 0.2%.

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