U.K. jobless claims gained last month

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Source: Forexpros
© Scanpix/Reuters
The U.K. Office for National Statistics revealed on Wednesday that the number of Britons claiming for unemployment benefits increased unexpectedly last month. U.K. jobless claims grew by 10,100 in October, while analysts expected a decrease of 5,100 people. Unemployment rate declined to a reading of 7.8% from a level of 7.9% in the preceding month, whereas economists expected no change.
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Wed, 14 Nov 2012 15:43:50 GMT

Hong Kong stocks rallied, supported by metal producers

Hong Kong equities erased previous losses on Wednesday, supported by strong gains in metal producers. China's government stated that the country will resume stockpiling metals in order to boost physical metals' prices. At the same time, looming US fiscal battles and a delay in Greek bailout decision created heavy pressure on Hong Kong blue chips. The Hang Seng Index soared

Wed, 14 Nov 2012 19:48:41 GMT

Italian yields at lowest on debt auction

On Wednesday, Italy witnessed a decrease in borrowing costs, hitting the lowest since October 2010, as it was selling its government debt. Italian Treasury managed to sell 3-year bonds worth 3.5 billion Euros at the average yield of 2.64%, which was a decrease compared to a 2.86% yield witnessed at a similar auction last month.

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