China's inflation eased last month

Note: This section contains information in English only.
Source: Marketwatch
China's CPI slowed down in April, increasing hopes for more loosening monetary policy in the country. The CPI grew by 3.4% last month on an annual basis, slumping by 0.1% from the preceding month. At the same time, PPI slid by 0.7% last month on a yearly basis, declining slightly faster than a forecast of a 0.5% fall. Additional economic data releases due later today are likely to stimulate more accommodative policies from the government to boost growth.



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Fri, 11 May 2012 10:41:13 GMT

Bank of France expects no growth in the first half of 2012

The central bank of France announced that it expects no growth of the French economy in the first half of 2012. Moreover, BNP Paribas reported that slight contraction between 0.1 and 0.2% of the economy is expected in Q1. The country's economy expanded by 0.2% in Q4 of 2011. Moreover, France recently halved its GDP growth expectation for whole 2012

Fri, 11 May 2012 10:08:12 GMT

Gold futures fell in Asian trade on stronger USD

Gold futures declined in Asian trading on Friday amid broadly stronger US Dollar. US Dollar Index, which monitors the greenback's performance again six main currencies, advanced by 0.15% to 80.40 US Dollars. COMEX gold June contract traded at 1,586.85 US Dollars per troy ounce on the New York Mercantile Exchange, declining by 0.54%.

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