Spain's economy contracted less than expected

Source: Forexpros
© Scanpix/Reuters
Instituto Nacional de Estadistica reported on Tuesday that the Spanish economy contracted less than expected in September. Gross domestic product of Spain decreased by 0.3% last month, compared to a 0.4% decline in the preceding month. Economists, however, expected that Spanish GDP would fall by 0.4%.
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Tue, 30 Oct 2012 10:46:58 GMT

Bank of Japan increased stimulus

On Tuesday, the Bank of Japan increased the size of the asset purchase program by 11 trillion Yen in attempts to boost the economy and weaken the currency. The asset purchase program was increased to the level of 66 trillion. The bank also announced that it will maintain its current interest rates of 0.1%.

Tue, 30 Oct 2012 12:24:01 GMT

European markets trade higher on BP and Deutsche Bank results

The Stoxx Europe 600 Index was higher by 0.4% to 270.63 at 8 a.m. in London. Investors trade on BP Plc, second-biggest Europe's oil company, and Deutsche Bank financial results for the third quarter, which have beaten street estimations.  Recently, banks' results bring a lot of sensitivity in the markets: Deutsche bank announced that a third quarter profit is up

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