Europe stocks lose ground on Wednesday

Note: This section contains information in English only.
Source: Bloomberg
European shares finished lower on Wednesday as Jens Weidmann, ECB's Governing Council member pointed out stimulating the euro region's bailout funds will not end its debt woe. German DAX index dropped 1.1% to 6,998.80, FTSE 100 index fell 1% and closed at 5,808.99 while French CAC 40 index shed 1.1% to 3,430.15. Stoxx Europe 600 index also gave up 1.1% and settled at 264.10.

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Thu, 29 Mar 2012 06:54:15 GMT

UK GDP in fourth quarter fell more than previously estimated

British economy contracted more in the fourth quarter than initially was determined. Country's GDP for the fourth quarter of 2011 declined 0.3% compared to earlier calculated drop of 0.2%. The report also presented real household disposable revenue tumbled 1.2% in 2011, the biggest fall since 1977. That compares with a 0.2% drop in 2010.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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