Italy will soon say goodbye to Silvio Berlusconi

Source: BBC
© Scanpix/Reuters

Italy's austerity bill is going to be approved by chamber of deputies in the next two days meaning that Silvio Berlusconi has to resign following his announcement.  Austerity measures are aimed at preventing bailout from Italy, the third largest economy in Europe. On Tuesday Italy issued more than 5bn euros debt for one year at 6.087% rate.

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Fri, 11 Nov 2011 18:03:31 GMT

US consumer sentiment is rising

US consumer sentiment increased to 64.2 in November as compared to 60.9 in October according to report of the University of Michigan and Thomson Reuters. Consumer sentiment is higher than expected 63. Consumers were inspired by higher stock prices and decrease in  unemployment rate explain analysts. Economists are sure that it is a positive direction of higher customer spending.

Fri, 11 Nov 2011 18:03:06 GMT

US trade deficit decreases

US trade deficit decreased by 4% achieving $43.1 billion in September from $44.9 billion in August according to Commerce Department. The drop in trade gap is much larger than predicted $45.6. At the same time imports have been stagnating for four months. Exports rose by 1.4% to $180.4 billion while imports increase only by 0.2 % to $223.5 billion.

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