Eurozone's unemployment rate reached 11.1% in May

Source: Bloomberg
Unemployment rate in Eurozone increased by 0.1% or 88,000 people in May . Jobless rate attained 11.1%, the highest level since 1995. European companies are forced to reduce staff. Europe's largest transport operator, Air France-KLM Group, announced it is going to eliminate 5,000 positions. Meanwhile,the highest jobless rate of 24.5% remained in Spain.
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Mon, 02 Jul 2012 13:22:33 GMT

Silver surged on lower greenback

Precious metals rallied on Friday amid broadly weaker US Dollar and optimism over the situation in the Eurozone after the EU leaders agreed on measures to combat crisis in the region.Gold gained 2.88% on weaker US Dollar after the EU policymakers agreed to ease lending conditions for Spain and Italy.Silver was the top-gainer amid solid global equities and depreciating US

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,

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