Eurozone current account increases in October

Source: Marketwatch
The current account surplus in the Eurozone inched up in October of this year to 21.8 billion euro, while economists expected the indicator to decline further after September weak data. In that month the surplus was 14.9 billion euro and was forecasted to drop to 14.2 billion euro. Moreover, the ECB data showed that the surplus from trading goods surged by 3.3 billion euro month-on-month.
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Thu, 19 Dec 2013 16:02:08 GMT

Gold falls to five-month low after Fed

Gold declined below $1,200 an ounce to the lowest level in five months as the Fed scaled back its monetary stimulus, trimming demand for safe-haven assets. The yellow metal for February delivery slipped 2.4% to $1,205.20 an ounce at 7:59 a.m. in New York, after sliding 3% to $1,198 an ounce. Bullion prices sank into a bear market in April

Thu, 19 Dec 2013 15:40:03 GMT

European shares climb as Asian currencies fall

European shares gained and gold slipped after the Fed's decision to slow down its bond-buying programme boosted investor sentiment in the U.S. economy. The Stoxx Europe 600 Index gained 1.5% as of 8 a.m. and it posted its biggest two-day advance in approximately six months. The biggest gainer was Mediaset SpA that rallied 12%.

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