Australian employment rises unexpectedly

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Source: Forexpros

Australian Bureau of Statistics reported on Thursday that the Australian unemployment rate in August decreased to 5.1% on a seasonally adjusted basis, compared to the July's figure of 5.2%. The data defied the expectations, since analysts expected that the unemployment rate in Australia would grow to 5.3% in August.

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Thu, 06 Sep 2012 12:51:34 GMT

French unemployment rate rose to a 13-year high

French jobless rate rose to a thirteen-year high in the second quarter, as companies reduce staff in order to cope with nation's worsening fundamentals. The unemployment rate rose to 10.2 per cent in the second quarter, up from 10 per cent in the preceding quarter, as the Eurozone's second-largest economy has posted three consecutive quarters of zero growth.

Thu, 06 Sep 2012 11:32:31 GMT

Borrowing costs for Spain fall on ECB

On Thursday, Spain witnessed a decrease in its borrowing costs, while it was selling its medium-term debt as traders eyed ECB's policy meeting. Spain's Treasury sold 2-year bonds for EUR608 million, having the average yield equal to 2.798%, which is a significant decrease from the last month's figure of 4.774%. The average yield for 3-year government bonds was 3.676%, compared 5.086% in the previous month.

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