British currency declines against U.S. Dollar on bets Fed will stop stimulus

Note: This section contains information in English only.
Source: Bloomberg
The Pound depreciated 0.7% to $1.5933 as of 3:17 p.m. in London, following 1.4% decline this week versus the greenback, as signs of U.S. economic recovery provoked speculation the Fed will have to taper its monetary stimulus that lowers the currency value. Despite the fact that U.K. economy gradually expanding as well, it has no significant impact on the Pound's health.
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Fri, 01 Nov 2013 19:17:04 GMT

Asian economies gaining momentum on manufacturing gauge

Asian non-manufacturing index from China to South Korea strengthened on signs of economic recovery. China's PMI advanced to eighteen-month high and reached 55.4 point, comparing to 51.4 in September, surpassing economists' expectations, while GDP is estimated to grow 7.6% this year. Taiwan's PMI increased to 53 and Japan PMI rose to 54.2. High demand was also fueled by Fed monetary

Fri, 01 Nov 2013 18:44:03 GMT

Greece's manufacturing sector continues to contract in October

Manufacturing sector in Greece continued to decline in October with a faster pace of contraction than in the month before, the latest report published by the Markit Economics revealed on Friday. According to the report, Greek purchasing managers' index fell from 47.5 in September to 47.3 recorded in October, while reading below 50 signal contraction.

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