US economy is slowly improving

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters
Latest reports show that US economy is gradually moving forward. Economists say the hiring and consumption have increased faster than expected. Nevertheless, they indicate that customers are unable to spend enough money to boost rapid economic growth. Although during July-September period there have been added about 117,000 jobs, wages are increasing very slowly advancing only by 1.8% in the past 12 months. Therefore, economists are sceptic regarding soon acceleration of US economy.

 

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Mon, 07 Nov 2011 10:42:11 GMT

Overnight deposits at ECB break 2011 high

According to European Central Bank (ECB), overnight deposits parked by banks reached 2011 high last week. On Friday banks lent ECB EUR 288.429 bn compared to EUR 275.226 bn on Thursday. Amount of deposits indicates that banks favour lending money to ECB instead of giving it to their counterparties. Such reluctance might be caused by uncertainty regarding other banks' exposure to Eurozone debt.

Mon, 07 Nov 2011 09:54:55 GMT

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