UK manufacturing activity contracts by 0.2% in November

Source: Forexpros
UK's manufacturing activity declined in November reflecting fall for the second month in line. The UK Office for National Statistics reported the country's manufacturing production declined by 0.2% in November while investors expected 0.1% drop. On a yearly basis, factory production dropped by 0.6% as compared to 0.3% initially expected.
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Thu, 12 Jan 2012 19:15:58 GMT

ECB leaves the key interest rate at 1%

The ECB left the key interest rate unchanged at 1.0% for the second consecutive month in compliance with expectations, reported the ECB. After the data release, the Euro faced slight gains against the US Dollar and the pair is trading at 1.2771, edging up 0.5%.

Thu, 12 Jan 2012 19:15:23 GMT

Natural gas shrinks despite supply drop

Natural gas futures sank hitting 28-months low as fresh worries over the record level of US natural gas inventories persist even despite modest supply decrease over last week reported by EIA. Natural gas futures for February delivery declined to USD2.695 per million British thermal units during the US session, on the New York Mercantile Exchange, losing 2.87%.

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