EU cuts growth forecast amid the consequences of debt crisis

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Source: Bloomberg
The European commission scaled down the growth outlook for the Euro zone, as the area's major economies are still struggling to shake off the negative effects of the recent shock. The Euro area is facing the second stagnation in six years and inflation stays below the ECB target.
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Wed, 05 Nov 2014 13:55:05 GMT

Kuroda tackles deflationary mindset

Haruhiko Kuroda announced in a speech today in Tokyo that he is willing to increase the provisions for additional easing without any restriction, as the world's third biggest economy strives to achieve its 2% inflation target. The Bank of Japan has already displayed its commitment, enhancing the asset purchase programme last week.

Tue, 04 Nov 2014 11:48:02 GMT

US Dollar weakened as the crude oil keeps falling

The crude oil's price continues to weaken. It reached 80$ in New York at the moment of writing. As a result, the US Dollar depreciates for the first time in five days. The oil slid to the lowest value since May 2012 due to the resistance from the OPEC countries to cut their output, while the U.S. stockpiles expand.

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