Japanese exports advance the most in three years

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Source: Bloomberg
Japanese exports climbed the most in three years, supporting nation's Prime Minister Abe's policies and his plan for economic recovery. Exports rose 12.2% compared to previous year after a 7.4% advance in June, while imports surged 19.6%, according to Ministry of Finance. The increase in exports indicates on Japan's economy benefiting from Europe's recovery.
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Mon, 19 Aug 2013 11:11:15 GMT

Pound jumps amid boosted U.K. growth expectations

The Sterling appreciated 0.2% versus the greenback, after the CBI updated this year's expansion estimates for the U.K. economy from 1% in May to 1.2%. The Britain's currency added 0.21% to $1.5655 against the U.S. Dollar and gained 0.10% to £0.8514 against the common currency, and climbed 0.41% to 153.03 versus the Yen.

Mon, 19 Aug 2013 11:01:06 GMT

European stocks drop; QE uncertainty weighs

European shares declined with investors expecting the Federal Reserve's minutes due later this week for more signs about the future of the bond purchases. The European Stoxx 50 declined 0.43% to 2,841.98 and the German DAX dropped 0.37% to 8,361.04, while the French CAC 40 slipped 0.47% to 4,104.42 and the U.K. FTSE 100 decreased 0.14% to 6,491.30.

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