Eurozone PPI above forecasts in August

Note: This section contains information in English only.
Source: RTTNews
Euro area's Producer Price Inflation surged more than estimated in August, Eurostat said on Tuesday. The PPI rose 2.7% on year, compared to a 1.6% advance in July. Economists had forecast an increase of 2.6%. Month-on-month PPI added 0.9%, faster than a 0.3% rise in the preceding month and above expectations of a 0.6% surge.
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Tue, 02 Oct 2012 11:19:42 GMT

Cable slightly higher, but gains capped

On Tuesday, the Cable was slightly higher versus the U.S. counterpart, but gains seemed to be capped amid uncertainty over if Spain will seek for a bailout, and disappointing U.K. data. GBP/USD hit a session high of 1.6163 and subsequently consolidated at 1.6152, which was a 0.14% growth for the European morning trading session.

Tue, 02 Oct 2012 10:33:42 GMT

Copper falls, ending a three day rally

On Tuesday, prices for copper eased, following a three-day growing streak on holidays in China, a top consumer of the metal. Three-month copper eased 0.40% on the London Metal Exchange to trade at $8,266.50 per tonne at 08:12 a.m. London time, which partly reversed gains from the preceding session, when it edged 1% higher.

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