Business confidence in France unexpectedly stable

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Source: Forexpros

Institut National de la Statistique et des Études Économiques reported on Tuesday that the French business confidence for the quarter ended in September was equal to 90 on an annualized basis, unchanged from the same reading for a previous quarter. Economists, however, expected that French business confidence would decline to 89.

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Tue, 25 Sep 2012 10:35:23 GMT

Gold held steady on stimulus support

On Tuesday, prices for gold remained steady, consolidating above one-and-a-half-week low, which was reached during the previous session, as the demand for the metal was supported by central banks' stimulus measures. Spot prices were little changed and were equal to $1,765.10 per once at 06.51 a.m. London time, after hitting a 1-week low of $1,755.30 during the previous session.

Tue, 25 Sep 2012 11:08:23 GMT

PPI in Spain gained more than expected

Instituto Nacional de Estadistica reported on Tuesday that Spanish producer price index climbed more than expected in August. PPI in Spain increased to 4.1% on a seasonally adjusted basis, whereas analysts expected that it would rise less and be equal to 2.6%. Spanish producer price index for a preceding month was 2.6%.

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