Russian economic growth probably accelerated in Q2

Source: Bloomberg
© Scanpix/FP
The growth rate of Russia's economy most likely accelerated, while it failed to do so for the last six quarters. According to Bloomberg economist survey, GDP gained 2% in the second quarter from a year earlier. The growth most likely was still mainly driven by household consumption. The official GDP report will be published later today.
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Fri, 09 Aug 2013 13:52:05 GMT

Gold falls in London amid bets stimulus will be reduced

Gold declined in London amid bets the Federal Reserve will scale back bond purchases. Gold for immediate settlement retreated 0.3% to $1,309.48 per ounce, while silver plummeted 0.1% to $20.2475 per ounce. Gold ETP holdings slipped 0.1% to 1,946.917 metric tons yesterday, the lowest level since May 2010.

Fri, 09 Aug 2013 11:16:05 GMT

U.K construction sector expands sharply in the second quarter

U.K. construction industries added output significantly in the second quarter, more than estimated before. The nation's construction sector expanded 1.4%, while it contracted 1.8% in the first quarter. The output lost 0.7% on month-on-month basis between May and June. PMI that measures business activity in the construction sector has been above the contraction mark for three months.

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