Unemployment rate of Spain reached 26.2%, the highest leve since 1975

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Source: Forexcrunch
Unemployment rate of Spain grew to 4.98 million, reaching 26.2% in January. According to the Spanish Ministry of Labor, in January alone, number of jobless people increased by 132,055, after a decline of 59100 unemployed in December. Analysts forecast that 77500 unemployed will add to the figure in the nearest future. Economic expansion of Spain will continue to falter due to the weak domestic demand and fall in investment.
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Mon, 04 Mar 2013 12:28:04 GMT

Euro and European shares falls on political stalemate in Italy

European shares and the shared currency tumbled on Monday's trading session due to lack of progress in negotiations over the new government in Italy and as the U.S. and China's tighter property market measures brought worries about the world's economy outlook. The Euro fell 0.1% to $1.2985, while the London's FTSE 100 index, Paris's CAC-40 and Frankfurt's DAX lost around 0.5%.

Mon, 04 Mar 2013 11:00:04 GMT

Dow Jones at its highest level since 2007

U.S. shares climbed for week, pushing the Dow Jones Index to its highest in five years, as data on U.S. economy topped the forecasts. Purchases in the U.S. rallied to the highest in four years. The Dow Jones Industrial Average jumped 0.6%, or 89.09 points, to 14,089.66, the highest level since October 2007. All but two groups in the gauge

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