ECB to discuss its monetary policy amid inflation and unemployment data

Note: This section contains information in English only.
Source: RTT News

Falling inflation and increasing unemployment of the 17-nation bloc might be the reasons of further interest rate cut by the European Central Bank, which is expected to discuss its monetary policy at a meeting taking place next week. Latest reports showed that the Eurozone's inflation slowed down from January's 2% to 1.8% in February, while unemployment recorded 11.9% in January.

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Mon, 04 Mar 2013 12:50:05 GMT

Sterling drops amid construction data

The U.K. currency was less than 0.4% of its lowest level in a 2 ½-year period against the U.S dollar as a data showed the largest decline in U.K. construction output in more than 3 years in February. The pound dropped below $1.50 on March 1, the lowest figure since July 2010, and was at $1.5036 earlier on Monday's session as a construction activity

Mon, 04 Mar 2013 12:28:04 GMT

Euro and European shares falls on political stalemate in Italy

European shares and the shared currency tumbled on Monday's trading session due to lack of progress in negotiations over the new government in Italy and as the U.S. and China's tighter property market measures brought worries about the world's economy outlook. The Euro fell 0.1% to $1.2985, while the London's FTSE 100 index, Paris's CAC-40 and Frankfurt's DAX lost around 0.5%.

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