German consumer confidence to climb in July

Note: This section contains information in English only.
Source: Bloomberg
Germany's consumer confidence is likely to improve first time in 5 months in July mainly due to the higher wages which may offset the anxiety about debt crisis GfK predicted in its report on Tuesday. The consumer mood index climbed to 5.8 compared to 5.7 in June. Analysts questioned by Bloomberg predicted a drop to 5.6%. Moreover the Bundesbank lifted its annual growth outlook for the country in 2012 from 0.6% to 1%. 
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Tue, 26 Jun 2012 13:52:18 GMT

Gold regained safe-haven appeal

Precious metals apart from palladium advanced on Monday despite weaker global equities and stronger US Dollar. Gold gained almost 0.8% as safe-haven appeal returned after Moody's downgraded 28 out of 33 Spanish banks. Silver rallied on safe-haven support after Cyprus asked for a bailout shortly after Spain submitted official request for financial aid.Platinum gained momentum as platinum production is likely

Tue, 26 Jun 2012 08:59:16 GMT

Nikkei 225 gave up 0.8% on Tuesday

Japan's Nikkei Stock Average depreciated on Tuesday pressed lower by renewed worries over Spain and growing pessimism ahead of summit. Moreover, Cyprus officially requested bailout. Nikkei 225 index faded 0.81% or 70.63 points settling at 8,663.99. Car manufacturers declined after China signalled it will not add more stimulus to support car market. Honda fell 1.5% and Toyota Motors lost 1.1%.

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