German WPI surges in September

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/Reuters
Germany's Wholesale Price Inflation accelerated in September at the highest pace since Nov. 2011, Destatis said on Wednesday. WPI increased at a faster-than-expected pace of 4.2% on year from a 3.1% growth in August. Economists had estimated a rise of 3.3%. On month-on-month basis, WPI added 1.3%, compared to 1.1% advance in the previous month, while economists expected a 0.5% pace.
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Wed, 10 Oct 2012 14:08:04 GMT

US equities tumbled on global growth concerns

US stocks tumbled on Tuesday as market sentiment was dampened after the IMF cut global growth forecast. Weighting down on the US equities, S&P 500 companies are expected to post annualized losses in Q3, for the first time in three years. Disappointing comments by Mario Draghi also pressurized US shares. The S&P 500 Index plunged 0.99% to close at 1,441.48.

Wed, 10 Oct 2012 12:11:02 GMT

Aussie stops its 2-day rally before unemployment data

The Australian Dollar stopped its 2-day strengthening before unemployment data, which may indicate that jobless rate rose to the highest level in 3 months. The Aussie Dollar traded at $1.0201 after gaining 0.2% in previous 2 days. Australia's currency stayed unchanged at 79.86 yen, whereas New Zealand's Dollar fell 0.3% to 81.59 U.S. cents.

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