Italian current account surplus continues with positive trend in March

Source: WBP Online
Figures on the Italian current account showed an expanding surplus on Friday, reaching 2.245 billion Euros in March. The surplus makes  the third largest economy in the Eurozone a lender, while a deficit would initiate a Euro sell-off, putting downward pressure onto the currency. A data release earlier this week showed Italian exports to be 5.365 billion larger than imports, creating a trade surplus. 
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Fri, 20 May 2016 11:35:08 GMT

Utilities lift European stocks on Friday

Europe's major stocks posted significant gains by 8:00 GMT, helped by steel makers, oil companies and miners. Thus, Germany's DAX 30 Index grew 1.09%, trading at 9,902.18, whereas Britain's FTSE 100 Index jumped 1.51% to 6,145.32 points. Meanwhile, France's CAC 40 Index increased 1.52% to 4,347.77, and the pan-European Euro Stoxx 50 Index rose 1.32% to 2,961.55 points. 

Fri, 20 May 2016 09:08:18 GMT

Euro Zone's current account surplus increases in March

Euro area improved its current account in March, as its surplus increased to 27.3 billion euro. Previously, after revision, in February it was 19.2 billion euro and in that month it had decreased from 27.5 billion in January. In general, Euro zone's current account balance has had its ups and downs for the past years, but it has never slipped

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