Gold futures remain stable

Note: This section contains information in English only.
Source: Forexpros
© Scanpix/FP

Gold futures remain steady, fluctuating between slight gains and losses with investors eying the situation in the euro-zone. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were traded at USD 1,749.65 a troy ounce at the morning European trade, edging down 0.09% since opening.

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Mon, 05 Dec 2011 17:01:41 GMT

Service sector in the euro-zone continues to sink

Service sector activity in the euro-zone decreased again in November with the highest decline in Spain, according to surveys. The euro-zone's PMI is 47, the level below 50 indicates contraction of the activity. Spain experienced a decline to 36.8 as compared to a drop to 41.8 in October, signalling an accelerated downturn in the country.

Mon, 05 Dec 2011 17:00:03 GMT

European stocks increase

European stocks increased on the optimism across the euro-zone as Italy adopted austerity measures and investors are inspired by the meeting of leaders of Germany and France. The Stoxx Europe 600 added 0.7% to 242.47 in the early trade. Financial shares also gained; KBC Group NV added 9.3% in Brussels, Lloyds Banking Group PLC increased by 6.3%, Banco Espirito Santo SA rallied 4.9%.

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