European leaders ask Central Bank for help

Source: Blooomberg
EU leaders required an aid from ECB officials to strengthen attempts in mitigating markets and forcing the currency bloc`s unification. ECB based in Frankfurt is likely to respond on July 5, implementing series of necessary actions including purchasing bailout program bonds. Economists predict the Central Bank to decrease its benchmark interest rate by 25 basis points.
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Mon, 02 Jul 2012 13:00:37 GMT

Decrease in oil prices followed by Ruble depreciation

The Russian Ruble depreciated by 0.4% against the US Dollar on 02.06.2012 in Moscow. Total Ruble loss for this year is 1.3% and  it is currently trading at 32.5650 RUB per USD. Such fall may be attributed to a decrease in oil price, which currently is 83.88 USD per barrel in New York, and slowdown of Russian manufacturing growth. However,

Mon, 02 Jul 2012 12:39:32 GMT

June manufacturing index stays steady at 45.1

Manufacturing PMI of Eurozone remained unchanged at 45.1 in June compared with previous month. Manufacturing activity in region has been fluctuating below 50 almost for a year indicating persisting slowdown in the economy.

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