BoE holds key interest rate at 0.5%

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Source: Reuters
The Bank of England decided to keep its benchmark lending rate unchanged at 0.5% despite an unexpected decline in manufacturing output in February.Total asset purchases stayed at GBP 325 billion. The Pound traded lower versus US Dollar on the BoE decision. Most analysts suggest BoE will not implement a further easing in 2012.
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Fri, 06 Apr 2012 06:21:56 GMT

European shares traded mixed on Thursday

European stocks fluctuated between gains and losses on Thursday as region's debt worries were partly offset by small improvement in Wall Street. Stoxx Europe 600 index added 0.1%, Italian FTSE MIB index slipped 0.2% while Spanish IBEX 35 traded flat. UK FTSE 100 index advanced 0.4% whereas German DAX lost 0.1%. French CAC 40 index improved 0.2%. 

Fri, 06 Apr 2012 06:59:02 GMT

German Industrial Production declined more than expected in February

German Industrial Production fell more than expected in February, mainly driven by unusually cold winter. Industrial production tumbled 1.3% on the monthly basis, said economy ministry on Thursday. Analysts predicted a smaller drop of 0.3%. The fall in production was mainly fuelled by decline in construction as cold weather sent the sector 17.1% lower. 

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