European stocks advanced on Tuesday

Note: This section contains information in English only.
Source: Marketwatch

On Tuesday, August 7, European stocks advanced, supported by crude oil, and despite negative economic news. The Stoxx Europe 600 Index jumped 0.4 per cent to 267.87, boosted mostly by Standard Chartered, accused by a regulator from New York in hiding $250 billion in transactions tied to Iran.  At the same time, Spanish IBEX 35 Index rose by nearly 2 per cent to 7,200; Portugal's PSI 20 Index jumped 2.4 per cent to 4,820.43, and French CAC 40 Index increased by 1.2 per cent to 3,442.13. U.K's FTSE 100 index was little changed at 5,813.30.

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Tue, 07 Aug 2012 18:33:10 GMT

Loonie reaches three-month high, closer to parity

Canadian dollar rocketed to a three-month high versus the U.S. counterpart, as crude oil, Canada's biggest export, advanced.  The loonie appreciated 0.4 per cent to $99.67, moving closer to parity. Meanwhile, the Canadian bonds fell for a second day in a row, pushing the yields on government's 10-year bonds up to 1.84 per cent.  

Wed, 08 Aug 2012 13:33:12 GMT

Orders to German factories declined in June

German factory orders fall more-than-expected in June, as the number of goods, sold to Eurozone's countries tumbled. Orders dropped 1.7 per cent in June, after rising 0.7 in May.  Report proves that Eurozone's largest economy is decelerating, hit by global economic slowdown.  The demand for German goods eroded, with orders from the Eurozone erasing 4.9 per cent, while domestic orders declined by 2.1 per cent.

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