Sweden visible trade surplus contracts in August

Note: This section contains information in English only.
Source: RTTNews
Sweden's merchandise trade surplus declined from last year in August, Statistics Sweden reported preliminary data on Wednesday. The trade surplus tumbled to SEK3.3 billion from SEK5.2 billion in August 2011, exceeding economists' estimates of a SEK3 billion reading. Exports of goods fell 5% on year to SEK93 billion, while imports slid 3% to SEK89.7 billion.
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Wed, 26 Sep 2012 11:21:26 GMT

Spain will seek for bailout if yields are too high

On Wednesday, Mariano Rajoy, Spanish Prime Minister, announced that he was ready for bailout package, but only in case his country witnesses too high borrowing costs for too long. Previously, Rajoy had said that a decrease of yields, caused by ECB's bond-buying plan announcement, may possibly allow not to seek for further support.

Wed, 26 Sep 2012 10:59:25 GMT

The greenback edged down versus the Yen in European trade

On Wednesday, the U.S. Dollar declined versus the Japanese Yen during European trading hours. USD/JPY was traded at 77.72 at 7.:34 a.m. London time, which was a 0.10% decline for the session. The pair's support was likely to be found at 77.66, a Tuesday's low, while the resistance was prone to be at 78.37, a Friday's high.

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