Belgian business climate gets better in December

Note: This section contains information in English only.
Source: Forexpros

Belgium's business confidence rose more than expected this month but remained negative for the eight month in line. The business climate index added 1.6 points on a seasonally basis approaching minus 10.6 in December as compared to minus 12.2 last month, reported the National Bank of Belgium.  Experts predicted the figure to improve by 1.1 points to minus 11.1 this month.

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Wed, 21 Dec 2011 17:08:48 GMT

Spain: Iran crude oil is not irreplaceable

Repsol announced that it is so hard to replace Iranian oil supplies. The news followed the speech of the Iranian minister stressing the supply disruptions in case of ban on the Iranian oil. Western economies can import more oil from Latin America, Africa and Russia, said Antonio Brufau chairman at Repsol. If after the ban on oil import Iran tries to compensate loss by negotiating

Wed, 21 Dec 2011 17:08:26 GMT

Copper futures approach one-week high

Copper futures saw essential gains, approaching one-week high after the USD suffered losses and optimism increased on the ECB sale of three-year loans.  Copper futures for delivery in March traded at USD3.411 a pound on the Comex division of the New York Mercantile Exchange during the early European trade, gaining 1.25% since opening.

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