Greenback reaches 2-month high versus Euro

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Source: Reuters
The U.S. Dollar increased on Monday rising against the 18-nation bloc currency towards the highest level in two months and continued its rally started last week after favourable economic data suggesting that the Federal Reserve may cut its stimulus further. The so-called Greenback gained to $1.3530 and it last traded at $1.3508, the least since November

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Mon, 20 Jan 2014 08:58:09 GMT

U.K. business confidence improves in Q4

Business confidence in financial services sector of the United Kingdom improved on signs that the economy is recovering as companies in the sector reported higher profits and business volume in the last quarter of 2013, the CBI/PwC survey revealed on Monday. According to the survey, 69% of companies feel more optimistic about the business climate versus 1% feeling less optimistic.

Mon, 20 Jan 2014 08:25:14 GMT

Asian stocks fall as China reports growth

The majority of Asian shares dropped on Monday trading session after a government report showed that the performance of the world's second largest economy in the last quarter of 2013 was lower than initial forecast suggesting that the economy lost its momentum. The MSCI Asia-Pacific gauge outside Japan fell 0.4%, while the Shanghai benchmark index lost 0.8%.

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