U.K's unemployment rate lowest since 2008

Note: This section contains information in English only.
Source: Bloomberg
The newest data released by the International Labour Organization revealed that the unemployment rate in the U.K. has fallen to 6.2%, dropping from 6.4%, surpassing the economists' forecasts of 6.3%. While this points towards the strengthening of the British economy, the wages are trailing behind, with just 0.7% pay raise. BoE's governor Mark Carney predicted that the wages are set to improve with the continued growth of the economy.

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Wed, 17 Sep 2014 10:43:06 GMT

Euro zone inflation on the rebound

The Euro zone inflation rate fared better than expected, clocking in at 0.4%, overstepping Eurostat's forecast of 0.3%, which expected a drop from July's rate of 0.4%. This is definitely good news for Mario Draghi who has set out to keep the inflation around 2%, after announcing that ECB would carry out the purchase of asset backed securities while steering

Wed, 17 Sep 2014 09:00:09 GMT

Industrial metals gain from China's stimulus

As China announced its 500 billion yuan stimulus for its five biggest banks, metals increased for the second day in a row. Nickel picked up by 1.5%, its highest in almost two week, and sold at $18,377 per ton. Copper edged up 1%, and copper for December delivery added 0.4% to $6,930.50 per metric ton early morning in Tokyo, however,

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