EU's manufacturing activity dropped to a three-year low

Note: This section contains information in English only.
Source: BBC
The Eurozone's manufacturing Purchasing Managers' Index tumbled to 44 from the previous 45.1 in July, the lowest since 2009. Meanwhile, the Euope's biggest economy also contracted, with PMI Index at 43 level. Any reading below 50 signals contraction. The fall may be explained by declined orders, which led to cost cutting and as a result more job losses.
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Wed, 01 Aug 2012 20:48:54 GMT

Gold turned lower on Wednesday

Gold futures hit one-week low on Wednesday, as the employment in the U.S. private sector improved, and amid expectations of the announcement of another quantitative easing during today's Fed meeting. October gold erased 0.33 per cent to $1, 607.15 per troy ounce. October Silver and October copper also declined, with 2.32 per cent and 0.97 per cent respectively.

Wed, 01 Aug 2012 20:26:54 GMT

Greenback advanced after ISM

The U.S. dollar edged higher on Wednesday as U.S. manufacturing shrank last month and as Federal Reserve may announce new policy measures. The ICE dollar Index added 0.01 per cent, while more advanced WSJ dollar index rose by 0.07 per cent. The greenback strengthened versus the shared currency and was trading at $1.2304, from yesterday's $1.2314.

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