East Europen countrise concern over Greek exit

Note: This section contains information in English only.
Source: The Wall Street Journal
East European countries are concerned about possible severe turmoil in financial markets in case Greece exits Eurozone, as it might cause depreciation of currencies, tighten credit, as well as hinder export-driven growth. However, central bankers and politicians claim that the countries are more crisis-resistant than they were four years ago, when collapse of Lehman Brothers caused the global financial crisis. 
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Fri, 08 Jun 2012 06:51:28 GMT

UK service sector expands in May

UK service sector expanded at a steady pace in May, increasing probability that the Bank of England is likely to stick to the current monetary policy. The PMI for the services remained unchanged at 53.3, which means that activity in service sector is growing. Following the positive data, the Sterling appreciated against the Dollar to $ 1.5471 from $ 1.5448. 

Fri, 08 Jun 2012 06:29:28 GMT

Australian trade shortfall narrowed in April

Australian trade deficit dropped to AUD 203 million (USD 201.9 m) in April from a AUD 1.28 bn in March, reported Australia's Bureau of Statistic on Friday. Analysts predicted a slower decline of trading gap to AUD 920 m. Nation's exports in April surged by 3% while imports diminished by 1%. 

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