Japanese economy strengthens in May

Source: Bloomberg
© Scanpix/Reuters
Japanese recovery strengthened in May as macroeconomic data turned out to be positive. Factory output rose 2% from a month earlier, being driven mostly by power companies' demand. Inflation excluding fresh food stayed the same, while consumer prices excluding energy and fresh food dropped 0.4% compared with inflation year earlier. Retail sales increased 1.5% from April.
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Fri, 28 Jun 2013 08:03:13 GMT

Sterling flat following U.K. confidence, house-price data

The Sterling remained steady versus the U.S. Dollar as an industry data indicated U.K. consumer confidence rose to the highest level in over two years in June. The Sterling was at $1.5263 and declined 0.2% to 85.60 pence against the Euro. U.K. confidence index jumped to minus 21 and house prices climbed 0.3% in June.

Fri, 28 Jun 2013 07:40:14 GMT

Yen falls amid surge in stocks

The Japanese Yen is heading towards a second consecutive week of weakening against the U.S. Dollar and the currency depreciated against 16 of its major peers so far today. The rise in stocks decreased demand for the Yen, which lead it to fall 0.5% and 0.7% against the U.S. Dollar and the Euro respectively. The Asian shares rose as PBoC

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