Spanish banks' bad loans soared to a record high in June

Note: This section contains information in English only.
Source: Reuters

As the ECB is going to support Spanish economy, and provide a 100 billion euros infusion into the economy, nation's non-performing loans jumped to 9.42 per cent in June, up from 8.95 per cent in the month earlier. Meanwhile, arrears loans soared by 8.4 billion euros to a total amount of 164.4 billion euros.

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Fri, 17 Aug 2012 17:29:37 GMT

Wall Street rise ahead of new U.S. economic data

Wall Street futures traded marginally higher, as the shared currency added in value, and as traders are waiting for fresh economic data from the U.S. The Dow Jones Industrial Average jumped 0.14%, to 13,268.74; the Standard & Poor 500 Index rose by 0.14%, to 1,417.51, while the Nasdaq Composite Index added 0.26%, at 3,068.85.

Fri, 17 Aug 2012 17:07:37 GMT

Euro edged higher amid hopes for ECB actions

The shared currency was little changed versus the greenback, and advanced against the Japanese yen as expectations of bold ECB action are running high.  The EUR/USD currency pair was little changed at $1.2355 from earlier $1.2356, while the EUR/JPY added 0.4% to ¥98.1, up from ¥97.66.  At the same time, the ICE Dollar traded at 82.44, from earlier 82.392.

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