Canadian CPI declined more than expected

Note: This section contains information in English only.
Source: Statistics Canada

On Friday, Statistics Canada reported that consumer price inflation in May was 1.2%, following the April's 2.0% increase in consumer prices. Canadian year-over-year CPI is lower than expected, since initial forecast was that the figure would be 2.0%. Core CPI decreased by 0.1% on a m-o-m basis, which was also lower than a predicted 0.2% increase.


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Mon, 25 Jun 2012 06:24:11 GMT

Yuan falls to 7-month low on PBOC currency intervention

Chinese Yuan dropped to 7-month record low after PBOC lowered the reference rate of currency to support country's exports amid slowing world demand. Nation's central bank lowered its daily fixing by 0.3% to CNY 6.3230. Chinese currency depreciated 0.2% to CNY 6.3769 at Shanghai trade. 

Fri, 22 Jun 2012 16:15:07 GMT

Nikkei 225 breaches two day gains on darker outlook for global economy

Japan's Nikkei Stock Average disrupted a two day rally and traded lower on Friday as US jobs and housing data trailed estimates. Losses, however, were limited by exporter companies who gained on weaker Yen which attained 5-week record low. Mitsubishi UFJ Financial Group sank 1.1% after ratings of 15 worldwide banks were cut by Moody's Investors Service.  Olympus Corp added

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