Australian jobless rate declined to 4.9% in April

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Source: Forexpros
Australian jobless rate decreased unexpectedly in April, reported Australian Bureau of Statistics. The rate of unemployment in the country tumbled to 4.9% on a seasonally adjusted basis in April as compared to 5.2% in March. Experts predicted the jobless rate to increase to 5.3% in April. Following the data release, Australian Dollar appreciated against its US counterpart and AUD/USD traded at 1.0098, soaring by 0.49%.


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Thu, 10 May 2012 09:17:09 GMT

German exports increased again in March

Germany's exports continued to expand in March, indicating growth for the third consecutive month. Exports of goods approached 98.9 billion Euros in March while total exports gained 0.9% in March on a seasonally adjusted basis, after surging by 1.5% in the preceding month. Meanwhile, trade surplus remained steady at 13.7 billion Euros in March.

Thu, 10 May 2012 07:13:12 GMT

Spain's Bankia is partly nationalized

Spanish bank, Bankia, is set to be partly nationalized, reported the central bank of Spain. Bankia, which has about 32 billion Euros in distressed assets, will obtain a 4.44 billion Euro-loan from the Spain's rescue fund that will be converted into stocks. The country's fund will have 45% stake in Bankia.

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