German PPI falls in July

Note: This section contains information in English only.
Source: RTTNews
German Producer Price Inflation weakened to 0.9% in July from 1.6% in preceding month, the Federal Statistics Office reported on Friday. Analysts predicted a reading of 1.2%. In 2011 the rate was 2.1%. On monthly basis, the PPI held unchanged despite forecast for a 0.3% increase. In June, the index dropped 0.4%.
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Fri, 17 Aug 2012 07:54:37 GMT

Gold rallied on Angela Merkel's comments

Precious metals rallied on Thursday after Angela Merkel announced that Germany will do everything possible to preserve the Euro. Angela's Merkel comments boosted market sentiment and sent US Dollar lower, thus supporting precious metals. Gold jumped on the greenback's weakness and optimism over the Eurozone's debt crisis. However, the rally was capped after the WGC reported that global gold consumption tumbled

Fri, 17 Aug 2012 15:50:55 GMT

Treasuries jumped on economic data

The U.S. treasuries jumped on Thursday, pushing 10- year note yields lower by 1.43% to 1.79%. The two-year notes erased 1 basis point to 0.28%. Initial jobless claims in the U.S. rose slightly to 366 thousand in the week ended August 11. In the property market, the number of new residential buildings declined by 1.1 per cent in July to 746,000 units.

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