Portugal protests against austerity

Source: Bloomberg
© Scanpix/AP

Today Portugal faces general strike, first since November 2010, as unions engage into demonstrations against austerity measures approved by Portuguese parliament to ensure the international bailout. Unions have disrupted shipping, services and travel. Serious distractions are expected in airports and rail stations. Strike takes place exactly one year after demonstrations against the first austerity implementation.

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Thu, 24 Nov 2011 13:15:36 GMT

FTSE 100 index increases on miners and banks

Britain's benchmark stock index increased by 0.6% on the increased business confidence in Germany. The strongest gainers are British banks and miners; the Royal Bank of Scotland Group PLC increased by 3.9%, Lloyds Banking Group PLC gained 3.6% and Barclays PLC rose by 3.5%. The top gainers among miners are Vendanta Resources PLC and Xstrata PLC that gained 3.9% and 3.7% respectively.

Thu, 24 Nov 2011 13:11:07 GMT

Consumer confidence in Italy improves

Consumer confidence in Italy significantly increased in November indicating the end of political turmoil by arrival of new government, according to the official data. The consumer confidence index increased to 96.5 in November from 93.3 in October. The increase exceeded the forecast of 0.9 point decrease. Monthly survey also showed more optimism in the market, Istat stated.

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