Eurozone production drops in June

Source: MNI
Eurozone's industrial output declined for a fourth time in 2012, as falls in capital, intermediate and consumer non-durable production offset increases in energy and consumer durables, Eurostat said on Tuesday. June's output posted a 0.6% fall, compared to an upwardly revised 0.9% rebound in May, likely stimulating 0.2% GDP drop in second quarter. Industrial output fell 2.1% on a yearly basis.
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Tue, 14 Aug 2012 13:04:25 GMT

India inflation weakens in July

India's wholesale prices rose 6.87% on year in July, compared to 7.25% climb in June, the Ministry of Commerce and Industry announced on Tuesday, economists forecast halt of price increase pace at 7%. Primary article inflation eased to 10.39% from 10.46% in June. Manufactured product prices surged 5.58% from 5%, while fuel and power prices rose only 5.98% from June's

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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