Euro zone unemployment at record evens as recession ceases

Source: Bloomberg
© Scanpix/FP
According to economists, Eurozone unemployment is expected to remain at a record level of 12.2% in June even as the block's economy managed to emerge from the recession. An increase in manufacturing production is one of the signs that the common currency economy is recovering, while stabilization in the labour market may occur with a delay toward the end of 2013.
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Tue, 30 Jul 2013 14:45:07 GMT

Canadian Dollar at monthly record against greenback

The Canadian Dollar was little changed versus the U.S. Dollar. The manufacturing prices report had little impact on the pair. The currency traded at a one-month high due to oil demand, the nation's largest export. The loonie remained at C$1.0266 before GDP data release tomorrow which is most likely to show a 0.2% economic growth in June in Canada.

Tue, 30 Jul 2013 14:23:05 GMT

German CPI accelerates to 1.9% in July over a year

The German Consumer Price Index speeded up by 1.9% year-on-year this month, according to preliminary information released by German statistical office, while the final figures will be be announced on August 13. Markets expected a 1.7% increase. Also the German consumer sentiment gauge rose from 6.8 to 7 as labour market and economic conditions are improving.

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