UK construction PMI climbed in March

Source: The Independent
The gauge measuring British construction activity through a number of new orders unexpectedly surged in March, stimulating hopes UK has avoided recession. Construction PMI soared from 54.3 in February to 56.7 in previous month, the sharpest growth in almost two years. Analysts had predicted the reading to decline to 53.6. 
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Wed, 04 Apr 2012 06:43:56 GMT

European shares pressed down amid fears about Italy and Spain

European markets closed down on Tuesday as banks pushed major stock indices lower amid surging Italian and Spanish borrowing costs. Stoxx Europe 600 index fell 1.1%, German DAX lost 1% and UK FTSE index shed 0.6%. French CAC 40 index fell 1.6%, Spanish IBEX 35 gave up 2.7% and Italian FTSE MIB index tumbled 2%. 

Wed, 04 Apr 2012 06:05:04 GMT

Fed considers cancelling new accommodation as economy improves

Federal Reserve board claim the recovering US economy reduces the urgency for additional stimulus. FOMC explained the new accommodation may be implemented only in case if economy slows sharply. Fed also reiterated it still plans to keep its key interest rate close to zero by the end of 2014. US stock indices declined on the news.

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