US consumer confidence surges to the highest level

Note: This section contains information in English only.
Source: Bloomberg
Strongly depressed crude oil prices and the labour market that added around three million jobs in the previous year, pushing the level of unemployment to a six-year minimum, are increasing the optimism regarding the domestic economy. Consumer confidence reached the seven-month high in January, jumping to 102.9 from 93.1 recorded in December.
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Wed, 28 Jan 2015 22:57:04 GMT

European and Greek equity edges lower

European stocks showed negative tendency on Wednesday morning, and Greek shares prolonged their sell-off following the victory of Syriza party on Sunday. Stocks of Piraeus Port Authority, the biggest port in Greece, dropped 8.3%, as the new government would block plans of privatisation. FTSEurofirst 300 index dipped 0.1% to 1,474.36 points.

Wed, 28 Jan 2015 22:35:05 GMT

German's economic outlook strengthened due to oil prices

German's Chancellor Angela Merkel announced positive economic outlook due to strong drop in oil prices and the ECB-led quantitative easing measures. Therefore, Germany's economy probably will advance 1.5% compared to a 1.3% forecast in October also due to an increase in consumer spending and wage growth. The ministry is expecting oil prices around 59 dollars per barrel.

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