Japanese machinery orders climbed in February

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Source: Bloomberg
Japanese machinery orders unexpectedly surged in February, surpassing all analyst expectations, indicating that accelerating capital spending may support recovery. Orders rose 4.8% compared to a 3.4% gain last month, Cabinet Office said on Wednesday. In contrast economists questioned by Bloomberg predicted a drop of 0.8%.
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Wed, 11 Apr 2012 06:21:20 GMT

Spanish borrowing costs surge on speculation for bailout

Spain's EUR 10 billion austerity measures did not ease investor worries the country is likely to be the next to demand a bailout. The borrowing costs for Spanish benchmark 10-year bills rallied almost 20 basis points to 5.94% on Tuesday after Miguel Angel Fernandez Ordonez, the Governor of the Bank of Spain said the country's financials may need extra capital

Tue, 10 Apr 2012 19:20:53 GMT

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