Obama lacks consistency describing recession

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

According to Nigel Gault,  IHS Global Insight economist, President Obama is inconsistent in his statements regarding recession timing. In some of his speeches he refers to US post-recession situation while in others Obama mentions current existing recession in present tense. Nigel Gault suggests such inconsistencies rise doubts in voters whether economy have recovered and does Obama deserve to be re-elected.

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Wed, 09 Nov 2011 09:22:31 GMT

US stocks and Euro advance as Berlusconi agree to step down

US equities and Euro currency experienced increase, offsetting previous losses as Premier Silvio Berlusconi offered to quit. His resignation reinforced optimism a new PM will tackle the country's debt crisis. Standard & Poor's 500 Index jumped 1.2% and closed at 1,275.92 in New York trading session while Euro surged against 11 out of 16 major counter currencies and reached $1.3839.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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