Italian 10-year bond yields bounced above 7%

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

Spanish and Italian 10-year bonds saw an increase in yields by 5 basis points to 5.63% and by 16 basis points to 7.11%, respectively as traders await bond auction of both countries due next week. Costs of borrowing above 7% are considered unsustainable.

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Fri, 06 Jan 2012 15:49:20 GMT

Canadian unemployment rate hits 7.5% in December

Canadian unemployment rate increased more than expected in December. The rate hit 7.5% on the seasonally adjusted basis as compared to 7.4% in November, reported Statistics Canada. Experts predicted the unemployment rate to stay unchanged at 7.4% in December.

Fri, 06 Jan 2012 15:48:57 GMT

Deutsche Bank lowers metals' price forecast for 2012

Deutsche Bank AG cut the forecast for metals' prices for this year citing negative economic outlook and high probability of firmer dollar. Industry metals faced the most essential cuts with nickel's expected price was decreased by 19% to $18,625/ton, copper by 18.8% to $7,350/ton and aluminium by 17.8% to $2,138/ton. Precious metals are also likely to fall with gold falling by 3.9% to $1,825/oz, silver

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