Spain budget gap continues to increase

Source: Bloomberg
© Scanpix/FP
Spanish government budget deficit reached 4.38% from January to August, while the target stood at 3.8%. A lot of analysts from the Bloomberg survey predict the budget gap to reach 6.5% in 2013. Thereby, it is too early to speak about economic recovery in the country that has the highest unemployment rate in the Eurozone at 27%, while more than 56% of young people do not have a job. 
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Thu, 05 Sep 2013 16:28:03 GMT

European stocks gain as ECB keeps benchmark rate at low

European equities rose as ECB confirmed that interest rates will remain low for a prolonged period. The Stoxx Europe 600 Index advanced 0.7% to 304.36 as of 3:16 p.m. London time. The benchmark indicator reduced 2.4% during last week on distress the U.S. with its allies could attack Syria. The Euro zone economy increased 0.3% during last three months.

Thu, 05 Sep 2013 16:06:03 GMT

Jobless claims in the U.S. shrank unexpectedly

U.S. labor market is on the way of stable recovery, while jobless claims in the country continue to decrease. In the last week, which ended on August 31, the number of people who applied for a jobless allowance surprisingly fell to 323 thousand from the previous weeks' 332 thousand. U.S. employers, in turn, added more than 176 thousand new jobs,

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