German investor optimism declines in August

Note: This section contains information in English only.
Source: WBP Online
The ZEW survey showed that investors' confidence in Germany deteriorated again in August, despite the stable results in the German economy and successful negotiations between Greece and its lenders on the bailout deal. The ZEW index, one of the leading indicators of economic health, declined to 25.0 in August in Germany, compare to anticipated 31.9 points and the previous month reading of 29.7. 
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Wed, 12 Aug 2015 09:24:08 GMT

Bullion advances on Yuan devaluation

The yellow metal prices rose on Wednesday, staying above the psychological barrier of $1,100, as the Chinese national currency continued to slip further. Gold gained 0.77% at $1,116.20 by 07:11 AM GMT. The PBoC devalued the Yuan for the second time this week, adding more pressure on currency markets and sparking interest in safe-haven assets, such as precious metals including

Tue, 11 Aug 2015 12:07:05 GMT

US stock futures in red amid China's currency shock

Equity markets in the US are expected to open in the red on Tuesday, led mainly by companies exporting their goods to China, where the PBoE decided to devaluate the Yuan. Futures for the DJIA declined 0.4%, while futures for the S&P 500 index dropped 0.6%. Chinese currency devaluation is expected to weight negatively on luxury good and auto sector

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