German business confidence improved in February

Source: Forexpros
Germany's business climate improved more than initially expected in February, gaining for the fourth month in line. Ifo Business Climate Index added 1.3 points to 109.6 on a seasonally adjusted basis this month as compared to 108.3 in January. Experts predicted the figure to advance by 0.5 points approaching 108.8.


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Fri, 24 Feb 2012 10:19:18 GMT

Precious metals edged down during the Asian session

Gold and silver futures posted losses during the Asian trading hours on Friday on the lack of fresh stimulus to Thursday's momentum that pushed the precious metals price to several-month highs. COMEX gold futures for April delivery traded at 1,780.70 an ounce, falling by 5.60 US Dollars while silver futures for delivery in March traded at 35.40 US Dollars per

Fri, 24 Feb 2012 09:46:29 GMT

EU expects Euro Zone's economy to contract by 0.3% in 2012

The Euro Zone's economy is likely to shrink by 0.3% this year, reported the European Commission. Previous forecasts predicted the region's economy to expand by 0.5% this year. The EC added that unexpected slowdown in recovery in the end of 2011 may impact the common currency union further. At the same time, the recession will be 'mild' as the signs

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