European consumers spend more as inflation rate falls

Source: Bloomberg
As oil becomes more affordable, the European households are starting to spend more. According to Jens Weidmann, Bundesbank President, this may act as a positive factor for the Euro zone economy and thus could decrease the chance of the QE by the ECB. Still, many officials of the monetary authority remain worried regarding the slow inflation and say the European Central Bank may nonetheless be needed to step in with additional easing measures to prevent a deflationary scenario from materialising.
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Tue, 30 Dec 2014 12:50:05 GMT

Oil falls to the lowest since 2009 on record stockpiles

Oil dropped to the lowest since 2009 due to speculation that US crude inventories will remain at the highest level in 30 years. US futures for the commodity declined 1.7%, while stockpiles are expected to stay at 387.2 million barrels for the week ended December 26. Black Gold slid 46% for the past year, close to its largest annual decline

Mon, 22 Dec 2014 12:03:04 GMT

China is willing to help Russia, as the country needs it

China is ready to support Russian currency with the help of currency swaps, as the Rouble lost 59% of its value against the US Dollar due to a drop of the crude oil price and European sanctions. Today the Rouble appreciated 3.48% against the Greenback, reaching the level of 56.764 at the moment of writing.

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