Spanish 10-year bonds yield rose to about 7%

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

Spanish cost of borrowing hit 6.974% in November as compared to 5.433% in October. High unemployment and low growth rate undermined investors' confidence in country's ability to repay its debts. Continued worries about spreading Eurozone's debt crisis also impacted other economies. French short-term yields rose as well.

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Thu, 17 Nov 2011 13:35:00 GMT

Pessimistic export perspectives for China

The perspectives for export in the next year are not optimistic, said Shen Danyang, spokesman of the Ministry of Commerce. Low demand of major China's export consumers and growing domestic production costs impact China's export-the major driver of economic growth. Exports increased only by 15.9% to USD 157.49 billion in October being the five-month lowest.

Thu, 17 Nov 2011 13:33:53 GMT

US cost of living falls

In US the Labor Department reported CPI went down by 0.1% in October. The rate of inflation slightly rose by 0.1% but it is the lowest monthly increase in 2011. The decline in CPI was mainly because of decrease of gasoline prices. Energy prices fell by 2.0% while food prices slightly increased by 0.1%. Lower CPI implies more cash for consumers thus more spending

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