Euro strengthens

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Source: Bloomberg
The Euro strengthened to a 6-week high versus the U.S. dollar and Japanese Yen before European policy makers meet this week and amid speculation the region's debt crisis is being contained. The shared currency rose for a second consecutive day against the greenback after Germany said concessions for Greek government were possible and as Spanish bond yields decreased at the bill auction. The shared currency advanced 1% to $1.2473 after rising to $1.2488, the highest since July 5.   
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Wed, 22 Aug 2012 08:32:49 GMT

Asian stocks decline on Japan's trade deficit

Asian stocks declined, with the regional benchmark index falling from a 3-month high, amid European leaders meeting this week to discuss the bailout package for Greece and after Japan showed a wider than expected trade deficit. The MSCI Asia Pacific Index fell 0.5% to 120.64. Japan's Nikkei 225 Stock Average slid 0.3%, while Australia's S&P/ASX 200 Index declined 0.2%. 

Wed, 22 Aug 2012 13:17:09 GMT

Indian CPI continue to decelerate

Consumer price index in India rose at the slowest pace in four months in July, said the Central Statistical Office on Tuesday.  Nation's CPI increased by 9.86 per cent from a previous year, after jumping 9.93% in June.  In the meanwhile, the Indian Central bank left the benchmark interest rate unchanged in the previous month in order to prevent inflation risks.

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