Euro and European shares falls on political stalemate in Italy

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Source: Reuters

European shares and the shared currency tumbled on Monday's trading session due to lack of progress in negotiations over the new government in Italy and as the U.S. and China's tighter property market measures brought worries about the world's economy outlook. The Euro fell 0.1% to $1.2985, while the London's FTSE 100 index, Paris's CAC-40 and Frankfurt's DAX lost around 0.5%.

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Mon, 04 Mar 2013 12:39:03 GMT

ECB to discuss its monetary policy amid inflation and unemployment data

Falling inflation and increasing unemployment of the 17-nation bloc might be the reasons of further interest rate cut by the European Central Bank, which is expected to discuss its monetary policy at a meeting taking place next week. Latest reports showed that the Eurozone's inflation slowed down from January's 2% to 1.8% in February, while unemployment recorded 11.9% in January.

Mon, 04 Mar 2013 12:17:04 GMT

Unemployment rate of Spain reached 26.2%, the highest leve since 1975

Unemployment rate of Spain grew to 4.98 million, reaching 26.2% in January. According to the Spanish Ministry of Labor, in January alone, number of jobless people increased by 132,055, after a decline of 59100 unemployed in December. Analysts forecast that 77500 unemployed will add to the figure in the nearest future. Economic expansion of Spain will continue to falter due

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