Spain GDP advances 0.4% in first quarter

Note: This section contains information in English only.
Source: Bloomberg
Spanish gross domestic product advanced 0.4% in the first quarter as the Prime Minister Mario Rajoy asked the European Central bank to support recovery threatened by the Euro appreciation and deflation. Further growth of the economy is expected as consumer confidence and industrial production increases, the Bank of Spain forecasts the economy to grow 1.2% this year.
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Thu, 24 Apr 2014 13:58:05 GMT

German business morale unexpectedly impoved in April

The German business sentiment unexpectedly improved in April as businesses were more optimistic about their future activities. Business confidence in April advanced to 111.2, while it was expected to tumble to 110.4. The biggest sentiment increase was in manufacturing, which reached its highest level in three years. 

Thu, 24 Apr 2014 13:47:06 GMT

Euro advances against Sterling after Draghi speech

The U.K. Pound slipped from the highest two-month value against the shared currency after the European Central Bank president Mario Draghi emphasized the importance of the exchange rate and mentioned that additional easing actions could be taken. The Eurozone's currency advanced 0.1% and was also driven by the German business sentiment, which exceeded analysts' expectations.

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