Australian business confidence rose in March

Note: This section contains information in English only.
Source: Forexfactory
Australian business confidence improved last month amid signs of recovery in the US and the EU, according to NAB business survey. The country's business confidence gained two points approaching plus three in March, implying that more companies were optimistic about economic perspectives than pessimistic. However, the confidence stayed low, being below its average value of plus six.


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Tue, 10 Apr 2012 13:58:25 GMT

Bank of England: recent actions of the ECB will not improve labour market

Bank of England reported that recent monetary policy easing by the ECB is not expected to improve the labour market in the region. The rate of unemployment is likely to remain high in the following years. According to the best scenario, the EU would see some improvement in its job market in mid-2014, said Adam Posen from BoE.

Tue, 10 Apr 2012 15:22:16 GMT

Bank of Spain: the country may need more funds

Spanish banks are likely to need additional funds as economic state of the country has continued to deteriorate, announced Miguel Angel Fernandez Ordonez from bank of Spain. Spanish banks are facing next round of increase in bad loans as country enters the second wave of crisis in the last three years. Experts predict Spain to apply for a new bailout

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