S&P retains its positive outlook for Germany

Note: This section contains information in English only.
Source: Bloomberg
Standard & Poor's retained a positive outlook for Germany's AAA credit rating, after Moody's Investors Service warned on July 23 that the nation's Aaa rating under threat. S&P said that Germany will be able to combat any potential economic and financial troubles, due to its highly competitive and diversified economy, strong balance sheet as well as public finances.  
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Thu, 02 Aug 2012 06:34:56 GMT

Yen depreciates versus its counterparts

The Japanese Yen fell against its major peers as the IMF stated that it is "moderately overvalued". The Yen lost 0.2% versus the common currency, falling to 96.05 per Euro. The Japan's currency was little changed at 78.73 per US Dollar. Finance Minister Jun Azumi will not rule out any possibilities to struggle with the Yen's appreciation. 

Thu, 02 Aug 2012 15:23:58 GMT

European stocks continue to gain

On Wednesday, August 1, European stocks edged higher amid speculations about decisive actions from central banks to support the economy. The Stoxx Europe 600 Index soared 0.5 per cent to 262.57. At the same time, the U.K.'s FTSE 100 rose by 1.4 per cent, while Germany's DAX, on the contrary, erased 0.3 per cent.   Next Plc added 6.5 per cent, Arkema SA jumped 5.7

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