European shares fall on economic data

Note: This section contains information in English only.
Source: Marketwatch
European equities dropped rapidly on weak economic statistics from US and Europe amid surging bond yields for Italy and Spain. Stoxx Europe 600 lost 1.3%, German DAX tumbled 1.8% and British FTSE 100 shed 1.2%. French CAC 40 index fell 1.4% and FTSE MIB plunged 3.3% after Italian 10- year borrowing costs climbed by 0.18 percentage points, reaching 5.21%. 
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Fri, 30 Mar 2012 06:42:12 GMT

Euro Area economic confidence weakened in March

Economic confidence in common currency area unexpectedly dropped in March indicating economy is likely to struggle to get back on the track in the 1st quarter. Index measuring consumer and executive sentiment edged down from a reviewed 94.5 in February to 94.4 in March. Economists questioned by Bloomberg expected the measure to improve from initial reading of 94.4 to 94.5.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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