New Zealand's export volumes top 12-year high in Q4

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Source: Forexfactory
New Zealand's export volumes hit the highest level since the beginning of 1990's in Q4, reported Statistics New Zealand. Export volumes grew by 2.9% on a seasonally adjusted basis in the last quarter of 2011 due to rapid increase in dairy products' exports. Meanwhile, prices for exported products added 1.7% led by price increases for milk, fruit and dairy while imported goods' prices jumped by 3.2% led by energy products, transport equipment and mechanical machinery.
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Thu, 01 Mar 2012 08:56:13 GMT

European markets mostly down on ECB loans and Bernake's announcement

European stock markets finished slightly lower on Wednesday as ECB provided record amount of cheap loans and Fed chairman Ben Bernake pointed out in his speech the global outlook stays uncertain. Stoxx Europe 600 index closed nearly unchanged at 264.32, CAC 40 index slipped 0.05% while German DAX index faced more substantial gains, declining 0.46%. British FTSE 100 index tumbled 0.95%. 

Thu, 01 Mar 2012 08:28:22 GMT

Canadian Dollar surges on ECB cheap loan allotment

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