Switzerland's a bit closer to housing bubble

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Source: RTT News
The Switzerland's housing bubble index advanced 0.05% to 1.20 in third quarter, thus remaining in the risk zone. According to the UBS bank, the advance of index was supported by price increase in residential property, which is higher than the actual growth of the economic output and household earnings.
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Thu, 07 Nov 2013 10:02:03 GMT

European stocks almost unchanged as investors wait on ECB decision

The European stocks experienced small changes, as investors are waiting for European Central Bank's decision on interest rate. Siemens AG advanced 1.8% after an announced increase in profit, while Bureau Veritas SA dropped 5.5% after reporting lower sales for the third quarter. Yesterday European stocks reached the highest level in five years, after companies reported higher than expected profitability. 

Thu, 07 Nov 2013 09:29:03 GMT

Pound rises before industrial production data

The British Sterling gained on Thursday rising for a third session against the U.S. Dollar after a government data showed that industrial production in the U.K. advanced above a forecast in the month September. The Pound added 0.2% to $1.6073 as of 4:29 p.m. in London following a gain to the strongest level since October 29 at $1.6118 earlier on

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