German investor sentiment declines in August

Note: This section contains information in English only.
Source: The Economic Times
German investor sentiment tumbled for the fourth consecutive month in August, the ZEW economic institute said on Tuesday, adding to signs that the Eurozone crisis is worsening the outlook on Europe's largest economy. The indicator stood at -25.5 points from -19.6 in July, falling to its weakest level in 2012. The data significantly fell behind an estimate of a rise up to -19.3 points.
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Tue, 14 Aug 2012 12:47:29 GMT

Eurozone production drops in June

Eurozone's industrial output declined for a fourth time in 2012, as falls in capital, intermediate and consumer non-durable production offset increases in energy and consumer durables, Eurostat said on Tuesday. June's output posted a 0.6% fall, compared to an upwardly revised 0.9% rebound in May, likely stimulating 0.2% GDP drop in second quarter. Industrial output fell 2.1% on a yearly

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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