European stocks turned lower on data

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Source: Bloomberg
European stocks turned lower on Monday, as decelerated Japan's economy outweighed increased demand for Italian bonds. The Stoxx 600 Index tumbled 0.4 percent to 268.72, after ten weeks of gains. At the same time, the U.K.'s FTSE 100 was down by 0.3 per cent, German's DAX Index retreated 0.5 per cent, while France's CAC 40 Index and Italy's FTSE MIB Index erased 0.3 per cent and 0.1 per cent respectively.
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Mon, 13 Aug 2012 19:54:28 GMT

A member of Merkel's party sent a strict warning to Greece

On Monday, August 13, Michael Fuchs, which is the senior member of Angela Merkel's party sent a strict warning to Greece, saying that Greece will not get financial help, in case they do not meet the conditions of nation's bailout. Meanwhile, the "troika" is to decide in September, whether to give Greece another tranche, from the financial bailout package, of total value of 130 billion

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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