Loonie gains amid rise in crude oil

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Source: Bloomberg
Canada's currency rose for the third day against the U.S. Dollar after crude oil, the nation's major export, rallied. On Tuesday, the Loonie advanced 0.3% to 98.76 cents per U.S. Dollar, after reaching 98.43, the highest since May 3. One Loonie buys $1.0126. Economists forecast a report this week to show Canada's GDP rising for a fourth consecutive quarter.
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Tue, 28 Aug 2012 17:55:08 GMT

Swiss stocks decrease

Swiss stocks tumbled, after SMI's two-day rally, after Japan reduced its economic assessment for the first time in 10 months. On Tuesday, the Swiss Market Index declined 0.7% to 6,443.70. The measure has still surged from the year's weakest level on June 4. The Swiss Performance Index slipped 0.7%.

Tue, 28 Aug 2012 17:00:08 GMT

Spain recession worsens in Q2

Spain's recession deepend in the second quarter with the nation's GDP falling by 0.4% from the previous three-month period, when it declined 0.3%, the Madrid-based National Statistics Institute reported today. Meanwhile, Spain's borrowing costs slid to a three-month low at an auction on Tuesday. 

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