Eurozone confidence falls in August

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Source: Bloomberg
Euro area's economic confidence slid more than expected in August as European leaders failed to curb region's recession and the crisis worsened. Executive and consumer sentiment index in the Eurozone slipped to 86.1 from 87.9 in previous month, the European Commission announced on Thursday. The reading was the weakest since August 2009, and fell behind economists' estimate of 87.5.
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Thu, 30 Aug 2012 13:27:12 GMT

German jobless rate rises in August

German unemployment rose in August for the fifth straight month  as companies increased firing rate amid euro area's recession concerns. The number of jobless Germans surged adjusted 9,000 on month to 2.9 million in August. Economists expected a rise of 7,000, after July's increase of 9,000. Meanwhile, the unemployment rate held unchanged at adjusted 6.8% in August.

Thu, 30 Aug 2012 15:08:14 GMT

German stocks move lower after jobless data

German blue chips index sank on Thursday as German unemployment rose for the fifth consecutive month in August amid spreading Eurozone's crisis. The seasonally adjusted unemployment rate stood at 6.8% in August.  However, yields on 10-year sovereign bunds approached four-year low on Thursday, indicating that German economy is still perceived as stable. The German DAX Index retreated by 0.83% to

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