Unemployment in Eurozone rose to a record 11.4%

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Source: Bloomberg

Eurostat reported on Monday that the level of unemployment in the countries that are using the Euro was 11.4% in August, which was unchanged from the readings for the preceding two months, after these figures were revised upwards. The level of unemployment was the highest since 1995, when the records started.

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Mon, 01 Oct 2012 11:30:41 GMT

Oil retreated from a 1-week high on contraction of Chinese manufacturing

On Monday, oil retreated from a 1-week high, as China witnessed an unexpected decrease in its manufacturing activity, raising speculations that the demand for fuel may fall. On the NYMEX, November delivery futures lost 93 cents, hitting a session low of $91.26, and subsequently consolidated at $91.97 by 9:01 a.m. in London.

Mon, 01 Oct 2012 10:35:39 GMT

Emerging stocks fall on negative data from Japan and China

Emerging-market stocks declined as data from South Korea, China and Japan indicated that the global slowdown is deepening. The MSCI Emerging Markets Index slipped 0.3% to 999.73. Vietnam's VN Index lost 1.1%, while the Jakarta Stock Exchange Composite Index and Taiwan's Taiex Index fell 0.7%. China's manufacturing shrank in September and Japanese manufacturers became pessimistic. 

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