US economy expands less than predicted in the 1st quarter

Source: Bloomberg
US economy advanced at slower pace than expected by economists. Country's GDP increased 2.2%, following a 3% growth in previous quarter, Commerce Department said on Friday. Economists questioned by Bloomberg, predicted a 2.5% gain. Government spending decreased for a sixth consecutive quarter. 
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Mon, 30 Apr 2012 06:12:43 GMT

France's consumer spending declined by 2.9%

France's consumer spending decreased more than expected in March, INSEE reported. Consumer spending dropped by 2.9% as compared to the previous month's expansion of 2.9%. Experts predicted the consumer spending in the country to lose 1.9% in March.

Fri, 27 Apr 2012 14:48:19 GMT

German DAX jumps 1% on Friday afternoon

German DAX index faced a choppy morning trade after news from Spain, however it rebounded after Italian bond auction. Rally was slightly breached in the afternoon as US reported a disappointing GDP figure. German Banks rallied with Deutsche Bank adding 2% and Commerzbank gaining 2.1%. BASF SE dropped 1.5% on news its profit declined in 1st quarter and the company

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