Germany: stable development or further recession?

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

German GDP growth increased in Q3 meeting the forecasts, according to Federal Statistics Office. Country's output increased by 0.5% in Q3 as compared with Q2. Experts stressed that large investments and consumption ensured stable economic development of the country in Q3. Private consumption increased by 0.8%. However, the economists claim that there is a probability of recession in next quarters.

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Thu, 24 Nov 2011 11:07:23 GMT

Europe stocks rise on higher investors' confidence in Germany

European stocks increased after the Germany's Ifo business confidence index increased. The Stoxx Europe 600 index gained 1% to 222.36. The German DAX 30 index increased by 1.5% while French CAC 40 index rose 1.6%. The FTSE index increased by 0.6% to 5,171.88.

Thu, 24 Nov 2011 11:09:21 GMT

Overseas yuan market will grow

The growth in yuan deposits in Hong Kong slowed down but the overseas market for yuan will continue to rise, said Norman Chan, chief executive of the Hong Kong Monetary Authority.  The inflow-outflow yuan ratio decreased to 0.8-to-1 in September. The decline in yuan deposits does not imply yuan lost appeal in foreign market, the decline is likely to be a short-term, said Chen Daofu,

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