European shares close higher on low US rate speculation

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Source: Marketwatch
European stock markets traded higher on Thursday as investors turned their focus to higher yielding assets on speculation Fed will keep US benchmark rates low. Stoxx Europe 600 index jumped 1.2%, UK FTSE 100 index gained 1.3% and Italian FTSE MIB index added 1.2%. French CAC 40 and German DAX index climbed 1% while Spanish IBEX 35 declined 0.8%.
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Fri, 13 Apr 2012 06:21:34 GMT

Gold futures decreased during Asian trade

Gold futures declined during Asian trading hours on Friday amid broadly stronger US Dollar. US Dollar Index that traces the greenback's value against a set of six main currencies increased by 0.17% to 79.60 US Dollars. COMEX gold for delivery in June traded at 1,675.25 US Dollars per ounce on the New York Mercantile Exchange, declining 0.32%.

Fri, 13 Apr 2012 10:04:05 GMT

UK trade gap widened more than expected in February

British trade deficit broadened in February, Office for National Statistics reported on Thursday. Data suggest the economy was stagnating in the firs quarter. The trade gap widened from GBP 2.5 billion in January to GBP 3.4 billion in February. In contrast economists expected the shortfall to contract by around GBP 2 billion.

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