Swiss ZEW economic sentiment improves

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Source: Forexpros
Swiss economic sentiment advanced unexpectedly to a three-month high in August, the Centre of European Economic Research said on Thursday. The economic sentiment indicator increased 9.2 points to -33.3 in August, compared to a -42.5 reading in July, however still posting a pessimism. Following the data, USD/CHF rose 0.11% to 0.9783.
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Thu, 16 Aug 2012 11:07:34 GMT

Euro area inflation stable in July

Eurozone annual inflation held stable at 2.4% in July, the Eurostat reported on Thursday. Consumer prices declined 0.5% on monthly basis in July. Core inflation rose to 1.7% on year from 1.6% in June. Energy costs surged 6.1%, and food prices increased 2.5%. Housing and clothing price rose 3.8% and 3.1%, respectively. The central bank targets to sustain inflation lower

Thu, 16 Aug 2012 13:05:28 GMT

Brazil introduced $60bn economic stimulus package

On Wednesday, August 15, Brazil's government announced the first pace of an economic stimulus plan to boost the nation's economy.  According to the plan, more than $60bn will be aimed at Brazil's infrastructure, particularly roads and railways. Meanwhile, Brazil's economy is expected to grow only 2% in 2012, compared with a 7.5% growth in 2010. Nation's leaders hope that the economy will benefit from the Olympic

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