UK inflation slows to a record low

Source: Bloomberg

The Office for National Statistics announced today in London that UK inflation fell in June. In May 2012 consumer prices increased by 2.8%, whereas in June inflation reached two and a half year low of 2.4%. Clothes and Footwear prices declined by 4.2% in June, the biggest loss for this month in UK's modern history. Core inflation, the one that excludes food, tobacco, alcohol and energy prices decelerated from 2.2% in May to 2.1% in June. Retail-price inflation that is used for wage negotiation, lowered from 3.1% to 2.8%.

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Tue, 17 Jul 2012 14:41:15 GMT

The USA approaches recession

Bill Gross, co-founder of Pacific Investment Management, stated on Monday, July 16, that the USA is just near recession period. Commerce Department presented readings, showing that retail sales declined by 0.5% in June. Moreover, employment increase did not reach its estimated level. Citing Labor Department report, 80 000 people were newly employed in June 2012, though the projected increase was 100 000. Government securities

Tue, 17 Jul 2012 10:43:12 GMT

Spain's borrowing costs migh fall on Tuesday, July 17

Last week Mariano Rajoy, Spain's Prime Minister, introduced new austerity measures to deal with country's budget deficit. Analysts predict that in consequence of this Spanish borrowing costs might decline on Tuesday, July 17. On Monday, July 16, one-year bill decreased from 5.074% to 3.5%, though 18-month bill's interest rate fell from 5.107% to 4%. Moreover ,experts fear that tightening fiscal policy could bring Spain into

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