Australian trade deficit widened in August

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Source: Forexpros

Australian trade deficit widened to its highest level in more than four years, as exports from industrial commodities shrank, the Australian Bureau of Statistics said on Wednesday. Nation's trade balance dropped to a seasonally adjusted -2.03B, down from -1.53B in the previous month. Analysts had predicted Australia's trade balance to narrow -0.70B last month.

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Thu, 04 Oct 2012 08:27:05 GMT

Gold modestly higher as dollar rally ends

On Thursday, gold prices were higher, after traders started to sell the U.S. Dollar. On the NYMEX, December delivery futures for gold were traded at $,781.35 per troy ounce, which was a 0.09% increase for the Asian trading hours. Earlier it hit $1,780.55, which was a session low, and a session high of $1,782.15 per troy once.

Wed, 03 Oct 2012 15:48:46 GMT

UK shares erase losses on Wednesday

UK shares rebounded on Wednesday on positive news from the US labour market. US ADP non-farm employment rose more than expected last month. However, weak data from the domestic market limited gains of the UK stocks.UK services PMI fell more than expected last month. Meanwhile, uncertainty over Spain's bailout continued to weight.  The FTSE 100 Index gained 0.17% to trade

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