Eurozone current account declined more than expected

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Source: ECB

European Central Bank reported on Monday that Eurozone current account fell to a seasonally adjusted figure of EUR9.7 billion in July. There was a surplus for goods (EUR7.5 billion), services (EUR6.2 billion), and income (EUR 1.7 billion), whereas there was a deficit in current transfers (EUR5.8 billion). Analysts expected that the current account would fall to EUR10.9 billion.

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Mon, 17 Sep 2012 12:16:00 GMT

Eurozone trade balance rose to EUR15.6 billion

Eurostat reported on Monday that the trade balance, which is the difference between exported and imported goods and services, for Eurozone in July 2012 was EUR15.6 billion on a seasonally adjusted basis, up from a June's figure of EUR13.6 billion. Imports in July fell by 1.2%, whereas exports decreased by 2.0% from the preceding month.

Mon, 17 Sep 2012 09:31:02 GMT

Corn advanced on stronger demand hopes amid QE3

Rural commodities rose for the second consecutive day on Friday as QE3 in the US fuelled demand hopes for the commodity group. Broadly weaker US Dollar also created strong support for the farm commodities. Wheat reached one-month high after ANZ Bank cut its forecast for Australian wheat crops to 20 million tons, below the USDA estimate by 6 million tons. Corn

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