Spanish unemployment increased for the first time since April

Source: Bloomberg

On Tuesday, the Spanish Employment Ministry reported that the level of registered unemployment increased by 38,179 in August from the July's figure of 4.63 million. However, this is less than a 51,185 increase in August in the previous year. Spanish joblessness increased for the first time since April when it grew by almost 39 thousand.

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Tue, 04 Sep 2012 15:05:27 GMT

Copper higher amid hopes for Fed, ECB stimulus

On Tuesday, futures for copper were traded higher in European morning trade, as traders continued to hope that the ECB and the Fed will act soon to support their economies. On the Comex, December delivery futures for copper were traded at USD3.486 per pound, which was a 0.85% gain during that trading session. Earlier in the day, copper hit USD3.495, rising by 1.1%.

Tue, 04 Sep 2012 18:45:26 GMT

Swiss economy shrinks in Q2

The Swiss economy contracted unexpectedly in Q2, influenced by declining domestic demand and weak external trade, the State Secretariat for Economic Affairs said on Tuesday. Real GDP slipped 0.1%, after a 0.5% increase in Q1. Economists expected an expansion of 0.2%. On yearly basis, GDP expanded only 0.5%, compared to preceding growth of 1.2% and estimates of 1.6%.

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