U.K. construction returns to expansion

Source: Reuters
The Markit construction PMI advanced to 50.9 in July from 48.2 in June, exceeding expectations of further drop to 48.0. New orders showed the second-biggest fall since January 2010, but the decline was smaller than in June, and the drop didn't prevent confidence about the next year climbing to at three-month high.

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Thu, 02 Aug 2012 10:22:59 GMT

Spain gains 3.1 billion Euro on bonds

On Thursday, Spain sold 3.1 billion Euro of debt, but low expectations of ECB's decisive action pressured the country to pay bigger yields compared to a month ago on its 10-year notes. Demand dropped, with bid-to-cover ratio at 2.4 from 3.2 in previous month. A bond maturing July 30, 2014 sold 1.1 billion Euro at 4.774% yield. A bond due

Thu, 02 Aug 2012 15:23:58 GMT

European stocks continue to gain

On Wednesday, August 1, European stocks edged higher amid speculations about decisive actions from central banks to support the economy. The Stoxx Europe 600 Index soared 0.5 per cent to 262.57. At the same time, the U.K.'s FTSE 100 rose by 1.4 per cent, while Germany's DAX, on the contrary, erased 0.3 per cent.   Next Plc added 6.5 per cent, Arkema SA jumped 5.7

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