Australia's economy slowed last quarter

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Source: Bloomberg
Australia's economic growth slowed in previous three-month period, pushing the domestic currency lower as investors bet the RBA will cur the key rate to extend a 21-year expansion. GDP rose 0.6% in the Q2 from the beginning of the year, when it advanced a revised 1.4%, the Bureau of Statistics said today. The nation's economy expanded 3.7% from a year earlier. 
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Wed, 05 Sep 2012 08:21:28 GMT

Euro stays lower before ECB's meeting tomorrow

The Euro depreciated for a second day before the European Central Bank's meeting tomorrow to discuss measures to tame the Eurozone's debt crisis. The 17-nation currency lost 0.3% to $1.2529 following a 0.2% decline yesterday. It touched $1.2638 on August 31, a two-month high.The common currency fell 0.4% to 98.21 Yen.  

Tue, 04 Sep 2012 19:51:27 GMT

Natural gas rocketed to a four-week high on Tuesday

On Tuesday, September 4, natural gas futures rocketed to a four-week high, as Tropical Storm Leslie is getting more active in the Gulf of Mexico, and may cause a disruption of gas supplies from the region. Natural gas futures with October contract rocketed 2.3 per cent to $2.865 a million British thermal units.

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