Bank of Japan is optimistic

Note: This section contains information in English only.
Source: Marketwatch
BoJ did not change its assessment of the economy in May but became more optimistic, as it finds more evidence of recovery. Its monthly report mentions improvements in private and business investments. The Bank of Japan said that they expect the economy to start recovering as growth in partner economies picks up. They also predict that construction sector will strengthen, following the necessity of coping with earthquake consequences.

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Thu, 24 May 2012 10:40:47 GMT

European stocks lose value amid the countries' leaders meeting

European shares faced the biggest decrease in value during the last month due to the growing concern regarding Greece leaving the Euro zone, while European countries' leaders were meeting in Brussels. The Stock Exchange Group(Plc) in London fell the most during two an a half years, following a sale made by UniCredit (SpA) and Intesa Sanpaolo (SpA) of their combined stake,

Thu, 24 May 2012 08:50:48 GMT

US Dollar bullish as Eurobond talks stall

The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance against six main currencies, gained 0.09%, attaining 82.24 at the time of writing.

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