New Zealand central bank keeps interest rates unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Reserve Bank of New Zealand maintained steady its benchmark interest rate, leaving it at record low of 2.5%, citing mild inflation. Central Bank also pointed out that appreciating currency may prevent a surge in borrowing costs. According to investors speculations the RBNZ will not raise interest rates until 2013 because yearly inflation is below nation's average target. 
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Thu, 26 Apr 2012 06:55:32 GMT

European shares post strong gains for Wednesday

European equity markets pared sharp gains on Wednesday as the bookings for US durable goods declined more than expected. Nevertheless markets closed on strongly positive note. Stoxx Europe 600 gained 1.0% while German DAX rallied 1.7%. British FTSE 100 experienced modest gains and added 0.2% while French CAC jumped 2.0%.

Thu, 26 Apr 2012 06:28:31 GMT

UK consumer confidence jumped in March

The UK consumer sentiment rallied in March, reaching a 9-month record high, despite the fact that British economy declined during the first three months of 2012. The confidence index, estimated from a survey of 1000 respondents, jumped from 44 in February to 53 in March, Nationwide reported on Wednesday. British consumers spend more money on large scale items such as cars and

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