Italia's economy contracted by 0.7% in Q4

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Source: Forexpros
Italian GDP contracted in compliance with initial estimates in the last quarter of 2011, the figure remained unchanged from preliminary reading. Italy's GDP contacted by 0.7% on a seasonally adjusted basis in Q4 as compared to a 0.2% fall in the preceding quarter, according to ISTAT. On a yearly basis, the GDP plunged by 0.4% while preliminary estimate was a 0.5% decline.

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Tue, 13 Mar 2012 08:57:41 GMT

Aussie and Kiwi advance on Asian stock rally

New Zealand and Australian Dolllars climbed on Tuesday as rally across Asian equity markets stimulated demand for higher yielding assets. Aussie surged 0.2% against its US peer to USD 1.0541 while Kiwi gained 0.5% and traded at USD 0.8218. Currently AUD/USD is trading at 1.0552 and NZD/USD is trading at 0.8225.

Tue, 13 Mar 2012 08:27:36 GMT

US stocks modestly up on Monday

US shares maintained gains on Monday lifted by upcoming monetary policy decision from Fed and several economic releases. Investors expect forthcoming statistics should lower the incentives for Federal Reserve to stick to record low interest rates. S&P 500 index traded almost flat, adding only 0.02% or 0.22 points and finishing at 1,371.09, Dow Jones Industrial Average index climbed 0.29% or 37.69

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