UK to fall into recession this year

Source: Dukascopy
The economy of the UK is expected to fall into crisis in the first half of 2012 as households continued to reduce spending, said a person familiar with the matter. The government has to ease its prudent policies to boost growth, claims Niesr. The UK economy is likely to contract by 0.1% this year but expend by 2.3% in the next year in case the EU leaders find the way to resolve crisis in the region.

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Fri, 03 Feb 2012 07:32:19 GMT

Natural gas jumped after US inventory data

Natural gas futures soared after IEA report indicated much larger fall in the inventories than initially projected. The natural gas stockpiles fell by 132 billion cubic feet last week after declining by 192 billion cubic feet in the preceding week. Natural gas March contract traded at USD 2.553 per million British thermal units at the late US trade on Thursday,

Fri, 03 Feb 2012 10:10:25 GMT

European stocks ended higher on Thursday

European shares surged on Thursday, supported by US macroeconomic statistics and merger talks between Glencore International and Xstrata Plc. Stoxx 600 index finished 0.2% higher, FTSE 100 climbed 0.1% and French CAC 40 index gained 0.3%. German DAX jumped 0.6% but Greek Athens general index fell 0.5% to 792.44. 

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