Canadian unemployment rate hits 7.5% in December

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Source: Forexpros

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.

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Fri, 06 Jan 2012 15:49:27 GMT

US unemployment fell to 8.5% in December

US employers managed to exceed expectations in creating new jobs adding more than 200,000 new jobs in December. The unemployment rate declined to 8.5%, hitting three-year low while the salaries and working hours jumped. Better than expected results follow increase in manufacturing activities and improved consumer confidence thus signaling on economic recovery of the US.

Fri, 06 Jan 2012 15:49:10 GMT

Italian 10-year bond yields bounced above 7%

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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