European stocks climbed 0.8% today

Source: Bloomberg
© Scanpix/AFP

The Stoxx Europe 600 index has climbed for a second consecutive day, advancing 0.8% to 306.62 so far today. Share prices increased after a drop last week, which was caused by speculations about an early end of the Fed's QE and an unexpected contraction in Chinese manufacturing. Bearish momentum seems to have reached its peak as bulls are coming to the market and pushing stocks upwards.

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Tue, 28 May 2013 15:01:39 GMT

U.K. banking sector faces unemployment problem

It is expected that the four biggest banks of the U.K. will cut approximately 189,000 jobs by the end of the year 2013 and that would lead to the lowest employment level in nine years. Royal Bank of Scotland Group Plc, HSBC Holdings Plc (HSBA), Lloyds Banking Group Plc (LLOY) and Barclays Plc (BARC) are predicted to employ 606,000 people

Tue, 28 May 2013 10:47:05 GMT

Won slides as Korean importers purchase Dollars

The South Korean Won was lower by 0.2% to 1,124.9 per U.S. Dollar in the morning of Seoul trading session on Tuesday. The currency touched 1,131.43 on 24th of May, which was the lowest level since 12th of April. Today the exchange rate dropped amid speculation that domestic importers took an advantage of the stronger Won and settled their month-end

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