Germany's ZEW sentiment rises

Note: This section contains information in English only.
Source: Forexpros
Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January.


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Wed, 18 Jan 2012 08:06:51 GMT

China faces cooling economy

Recent economic news from China clearly indicated that country's economy is cooling. New house prices in 52 out of 70 cities tumbled in December on a monthly basis, reported the National Bureau of Statistics. Considering yearly changes, home prices added 1% in Beijing, signaling lower increase than November's reading. FDI also slumped for the second consecutive month in December, contacting

Wed, 18 Jan 2012 09:12:05 GMT

Loonie strengthens against US Dollar on China GDP

Canada's Dollar reached two-week record high against its US peer as higher-than-expected GDP expansion in China improved demand for riskier assets. Canadian currency climbed 0.3% against US Dollar to C$1.0151 on Toronto evening trade. Currently USD/CAD is trading at  C$1.0152. 

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