PPI of Eurozone remained flat in April

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Source: Forexpros

Eurostat reports that producer price index remained flat in April, disregarding anticipations of a slight 0.2% increase. This figure for March was 0.5% but it has not been revised yet. Year-on-year PPI grew at the pace of 2.6% this April, which is lower than an expected 2.7% increase. This is also lower than a 3.5% increase witnessed in March.

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Mon, 04 Jun 2012 18:34:18 GMT

European markets edged lower, led by DAX 30

European stocks dropped on Monday, with decrease in German markets. Volkswagen AG fell 2.3 per cent on data, which indicated weakness in Chinese service sector. The Stoxx Europe 600 index gave up 0.5 per cent. The German DAX 30 index lose 1.3 per cent 5,971.85. The French CAC 40 index retreated 0.4 per cent to 2,937.07 and the Spain IBEX 35 index

Mon, 04 Jun 2012 18:23:18 GMT

South Korea plans to reinforce economic development

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