Consumer confidence in Italy improves

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

Consumer confidence in Italy significantly increased in November indicating the end of political turmoil by arrival of new government, according to the official data. The consumer confidence index increased to 96.5 in November from 93.3 in October. The increase exceeded the forecast of 0.9 point decrease. Monthly survey also showed more optimism in the market, Istat stated.

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Thu, 24 Nov 2011 13:13:04 GMT

Portugal protests against austerity

Today Portugal faces general strike, first since November 2010, as unions engage into demonstrations against austerity measures approved by Portuguese parliament to ensure the international bailout. Unions have disrupted shipping, services and travel. Serious distractions are expected in airports and rail stations. Strike takes place exactly one year after demonstrations against the first austerity implementation.

Thu, 24 Nov 2011 13:10:12 GMT

Iceland economic outlook improves

Standard & Poor's increased Iceland's credit rating outlook from negative to stable as country's economy returns to progress after recovering from financial crisis in 2008. According to Standard & Poor's yesterday's statement, Iceland has received вЂ?BBB-/A-3' credit rating. Iceland has put much effort to stimulate recovery, admitted S&P in its statement. 

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