Spain registers record exports

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Source: Bloomberg
Spain registered record high exports worth EUR223 billion last year and the first trade surplus in March 2013 since 1971, an indication that economic crisis in the country might fade away. The trade balance moved to surplus as imports dropped 15% and foreign sales increased 2%. Meanwhile, Spanish Labor Ministry issued data today, which showed that number of citizens signing up for unemployment benefits decreased by 98,265.
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Tue, 04 Jun 2013 12:10:18 GMT

U.K. construction index rise, indicating expansion

U.K. construction activity index unexpectedly rose to 50.8 in May from 49.4 a month ago, indicating a growth in the sector. It was the first time the sector grew since October 2012. The index increased due to expanding residential activity, while civil engineering and commercial construction output contracted. Rising construction output is expected to support economic growth in Q2 2013.

Tue, 04 Jun 2013 10:59:24 GMT

Yen falls amid waning speculations that Fed stimulus will end early

The Yen depreciated 0.7% to 100.25 per U.S. Dollar so far today, after rising to 98.87 yesterday, the highest level since May 9. Japan's currency dropped as speculation that the Fed might cut its stimulus earlier waned due to worse than expected U.S. factory activity figures. The Yen may weaken further to 110 per U.S. Dollar in upcoming 12 months,

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