Aussie drops to 2-month low before China's data

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Source: Bloomberg
© Scanpix/FP
Australian currency dropped on Wednesday falling towards the lowest level in a two-month period before a report showed that exports and imports in China advanced by more than expected , the largest trading partner of Australia. The so-called Aussie slid 0.1% to $1.0177 at 10:02 a.m. Sydney time following yesterday's decline to the lowest since March 4 at $1.0155.

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Wed, 08 May 2013 09:44:04 GMT

European stocks increase as companies report earnings

European stock futures recorded a modest increase earlier on Wednesday trading session pushing the regional benchmark index to the highest level in almost 5 years after companies from ING Groep to Deutsche Telekom AG reported better earnings than forecast. Euro Stoxx 50 Index gained 0.1% to 2,737 earlier on Wednesday, while the Stoxx Europe 600 Index advanced to the strongest

Wed, 08 May 2013 09:11:04 GMT

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