ECB conducts first liquidity operation since cut in dollar swap rates

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

The ECB provided $50.7 billion three-month loans at 0.59% fixed rate and seven-day loans at 0.58% fixed rate. The dollar-liquidity project is the first after the ECB and Fed agreed on decrease in dollar swaps. The shift of the central banks to decrease rate on the dollar swaps appeared amid rising dollar-borrowing costs and financial institutions' keeping cash.

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Wed, 07 Dec 2011 14:11:51 GMT

Industrial production in Germany increased

German industrial production exceeded the forecast after declining for two months in line, according to official data. The country's industrial production rose by 0.8% on a seasonally adjusted basis in October while the experts anticipated only 0.3% increase, said Germany's federal statistical office.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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