Eurozone unemployment rate reaches a new high

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Source: RTT
In September, the eurozone unemployment rate reached a new peak as the debt crisis sharpened, thus creating concerns about recession. The jobless rate surged to 11.6 per cent the former month from 11.5 per cent in August.  Throughout the last twelve months, the number of unemployed increased by 2.174 million to 18.49 million people. Austria and Luxembourg had the lowest rates, while Spain and Greece had the highest ones.
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Wed, 31 Oct 2012 20:00:02 GMT

Euro advances against its peers on growing hopes for Spain and Portugal

The euro advanced against the dollar and yen as the parliament of Portugal is approaching to a consensus on its budget and a discussion over giving more time to Greece to meet the austerity measures has started. The single currency inched up 0.2 per cent to $1.2989, after having a 0.4 per cent gain the prior day. The currency also rallied 0.6 per cent

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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