German ZEW economic confidence index rocketed to 4-year high

Note: This section contains information in English only.
Source: WBP Online
The German ZEW economic sentiment advanced to 54.6 this month, the 4-year record-high level, surpassing analysts expectation of an increase to 54.0, while the gross domestic product added 0.3% on a quarterly basis and grew 0.6% on a annual basis, meeting the preliminary estimates. Meanwhile, the Eurozone economic confidence increased to 60.2 in November, from prior 59.1, namely 2.9 points less than expected.
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Wed, 20 Nov 2013 08:50:07 GMT

Asia's stocks drop as Bernanke comments stimulus

Asian equities edged lower on Wednesday tracking stocks on Wall Street after the current Federal Reserve Chairman Ben Bernanke commented the bond purchasing program lifting prices of commodities and weakening the U.S. currency. The MSCI Asia-Pacific index outside Japan slipped 0.6%, while Hong Kong's gauge recorded a small gain and it has added 3% this week.

Tue, 19 Nov 2013 16:15:05 GMT

Euro slightly changed versus U.S. Dollar after OECD data

European currency depreciated 0.04% to 1.3499, after closing at 1.3504 on Monday, as investors where concerned about OECD revised global growth forecasts, which were downgraded almost half a percentage point to 2.7% for this year and 3.1% for 2014, while the Eurozone economy is expected to rise by 1% next year, compared to a May's estimate of 1.1%, the Paris-based

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