U.K. manufacturing data beats expectations

Source: Bloomberg
© Scanpix/Reuters
Manufacturing activity index in the U.K. jumped from 50.2 in April to 51.3 in May - the highest level in 14 months, while economists predicted an increase to 50.3. The level above 50 indicates expansion of the sector. The economy in the U.K. is recovering, although not fast enough, according to Mervyn King, the Governor of the Bank of England. Better than expected data might make the central bank to maintain its current stimulus targets.
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Mon, 03 Jun 2013 17:15:28 GMT

Germany to give 1 billion euros in aid to Spanish SMEs

Germany plans to provide EUR 1 billion worth of support to Spanish small and medium-sized enterprises in an attempt to fight rising unemployment. The aid package consists of various financial instruments that will be used to improve Spanish SMEs' capital structure and deal with liquidity shortfalls. The German finance ministry expects other European organizations to contribute to the program as

Mon, 03 Jun 2013 17:14:57 GMT

U.K. shares fall to almost one-month low

U.K. shares declined, with the benchmark FTSE 100 Index falling to near one month low, led by weak China's manufacturing numbers and a decline in the U.S. stocks. The FTSE 100 slipped 0.8% to 6,532.42 as of 8:48 a.m. London time, reaching the lowest level in almost a month, while the FTSE All-Share Index also slid 0.8%.

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