European stocks fall slightly on banking sector earnings

Note: This section contains information in English only.
Source: Bloomberg
European equities declined slightly in the morning of Tuesday, as analysts evaluate earnings of the European banking sector. Today, earnings for the first quarter of this year were announced by UBS AG and Barclays Plc banks, with the latter dropping 4.3% amid decrease in profit. By 9:00 GMT in London, the benchmark Stoxx Europe 600 Index lost 0.1% to 336.84 points.
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Tue, 06 May 2014 13:37:04 GMT

Euro rises as ECB may keep rate stable

The 18-nation bloc currency strengthened on Tuesday trading session amid speculation that the European Central Bank may keep the benchmark interest rate unchanged despite low inflation in the region threatening economists. The Euro jumped against the U.S. Dollar to a level of $1.3926 leaving the $1.3864-$1.3887 range, while it climbed to 141.99 yen.

Tue, 06 May 2014 11:32:05 GMT

OECD: World economy to grow slower in 2014

OECD decreased its expectations concerning world economic development this year, pointing on more measures to fight high unemployment. Now, the organization predicts a 3.4% GDP growth in 2014, while the next year it will grow by 3.9%. U.S. economy, in turn, will advance 2.6% and 3.5% in 2014 and 2015, respectively. Eurozone is forecasted to see a 1.2% GDP advance

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