U.K. Q2 GDP declined 0.2%

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Source: Bloomberg

The U.K.GDP decreased 0.2%, indicating the U.K. economy contraction for three quarters in a row, as double-deep recession intensifies. The BOE expanded its bond-purchase programme this month and implemented measures to prop up lending. The IMF said that the recovery halted, thus the government may require easing its budget cut in case the central bank's efforts do not revive the economy. 

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Mon, 23 Jul 2012 10:22:30 GMT

European shares, Euro and oil down amid concerns over Spain

European shares slid and the common currency declined to two-year low after 2 Spanish regions said that they would require financial aid, sparking fears that the country will seek a full-scale bailout. 10-year Spanish government bonds reached a euro-era high of 7.55%, while the Euro fell to $1.2095. The FTSE Eurofirst 300 index opened down 0.8%, whereas Brent declined more

Mon, 23 Jul 2012 10:11:29 GMT

U.S. stocks ended three-day rally

American stocks dropped on Friday after a three-day rally on concerns about Spain's ability to repay government's debt, moreover, General Electric posted its quarterly report with earnings below the forecasts. The Dow Jones Index tumbled 0.54 per cent, to 12,873.51, the S&P 500 Index declined by 0.57 per cent, to 1,368.65, and the Nasdaq Composite Index dropped 0.62 per cent, to 2,947.57. Despite today's downfall

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