Italian GDP contracted in the second quarter

Note: This section contains information in English only.
Source: WBP Online
The third biggest economy in the Euro zone, Italy, is still in recession. Data regarding the preliminary gross domestic product showed that Italy's GDP diminished by 0.2% on the second quarter. Analysts had forecast that it would recover from the previous quarter's 0.1% downfall and expected it to rise by 0.1%. During the previous year the Italian economy contracted 1.9%.
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Wed, 06 Aug 2014 10:56:15 GMT

Yen rises against the Dollar ahead of BoJ meeting

The Yen climbed to its highest intraday price against the Greenback, coming near to the highest value in one week, indicating risk aversion in the market. Due on Friday is the Bank of Japan meeting, where the decision regarding BoJ's easing programme will be announced. The Japanese Yen rose by 0.21% to 102.37 versus the US Dollar.

Wed, 06 Aug 2014 10:34:16 GMT

Disappointing industrial production in the UK

The forecast for industrial production in the United Kingdom was 0.6%, according to a Bloomberg survey. However, the release showed that production only managed to inch up by 0.3%, causing the Cable to prolong its losses, trading at 1.6839 earlier today. In another release, manufacturing production was revealed to be disappointing as well, rising 0.3% in June.

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