US consumer sentiment is rising

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

US consumer sentiment increased to 64.2 in November as compared to 60.9 in October according to report of the University of Michigan and Thomson Reuters. Consumer sentiment is higher than expected 63. Consumers were inspired by higher stock prices and decrease in  unemployment rate explain analysts. Economists are sure that it is a positive direction of higher customer spending.

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Mon, 14 Nov 2011 07:55:15 GMT

Berlusconi steps down as Italian Parliament approves austerity measures

On late Saturday Italian premier Berlusconi resigned after dominating in politics for almost twenty years. Former PM submitted his resignation to Greece's President Napolitano, after the Chamber of Deputies approved austerity measures to reduce national debt and stimulate economic growth. Napolitano is going to ask new PM Mario Monti to establish a new government. 

Fri, 11 Nov 2011 18:03:19 GMT

Italy will soon say goodbye to Silvio Berlusconi

Italy's austerity bill is going to be approved by chamber of deputies in the next two days meaning that Silvio Berlusconi has to resign following his announcement.  Austerity measures are aimed at preventing bailout from Italy, the third largest economy in Europe. On Tuesday Italy issued more than 5bn euros debt for one year at 6.087% rate.

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