Denmark GDP decreases in Q2

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Source: RTTNews
Denmark's economy shrank at a faster-than-estimated pace in Q2, lead by decreases in investment and consumption, Statistics Denmark showed in preliminary data on Wednesday. GDP tumbled 0.5% on quarter, from a 0.3% increase in Q1 while economists forecast a 0.2% decline. GDP dropped 0.9% on year, widely exceeding economists' estimate of 0.2% fall.
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Wed, 29 Aug 2012 18:41:10 GMT

Dollar climbs on housing data

The greenback inched higher comparing to the Yen on Wednesday on received data about U.S. home prices going up, reaching the highest level in two years period this July. The Dollar advanced to 78.70 yen, a 0.3 per cent increase, while the single European currency declined to $1.2519.

Wed, 29 Aug 2012 18:19:10 GMT

Oil futures continue decline as U.S. inventories rise

Crude futures extended losses on Wednesday after a government report posted an unexpected 3.8 million barrels climb in stockpiles for the week through Aug. 24. Analysts estimated inventories to decline by 2 million barrels. October-delivery oil tumbled 1% to $95.36 per barrel in New York.

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