France economy avoids contraction

Source: Bloomberg
France's GDP unexpectedly avoided the first quarterly decline in three years as both government and companies increased spending. GDP stagnated in the second quarter from the first, the Insee reported on Tuesday, while economists estimated a 0.1% contraction. Gross Fixed Capital Formation gained 0.6%. Public sector expenditure rose 0.5%. GDP climbed 0.3% on year.
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Tue, 14 Aug 2012 11:22:30 GMT

Swiss producer and import prices ease decline pace in July

Switzerland's producer and import prices tumbled at a lower pace for the second straight month in July, the statistical office announced on Tuesday. The producer and import price index dropped 1.8% on year, after a 2.2% fall in June. Analysts estimated a 1.7% decline, but the drop still was the smallest since July 2011, when it posted a 0.6% fall.

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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