US service industry may have expanded in December

Source: Bloomberg
Analysts predict US service industry expanded last month, probably reaching the quickest pace in previous quarter. Economists questioned by Bloomberg expect the Institute for Supply Management's index climbed to 53 in December compared to 52 in November. Analysts also forecast the number of unemployment claims dropped last week.
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Thu, 05 Jan 2012 13:45:36 GMT

DAX 30 declines as European banks come under pressure

German DAX index continued to fall for a second straight session on Thursday on rebounded concerns about the stability of European banks. After slipping 0.9% on Wednesday, German benchmark index extended its drop giving up 0.6% as local banks reported losses and retail industry showed a decline on November. Deutsche Bank AG lost 5.1% and Commerzbank AG dropped 4.2%. Among

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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