German jobless claims drop in July

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Source: Bloomberg
German jobless claims declined for a second straight month in July, suggesting that nation's economy is recovering and the government most likely is gaining support ahead of the election in September. The number of unemployed people fell by 7,000 touching 2.93 million, according to Federal Labor Agency. It was previously predicted that German unemployment will stay flat.
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Wed, 31 Jul 2013 11:02:05 GMT

Italian flash unemployment rate falls to 12.1% in July

Italy has published a first drop in its unemployment rate in about a year. The rate declined from 12.2% in June to 12.1% this month, against analysts expectations of 12.3%. The Business Confidence Index advanced to 79.6 this month and the industrial output increased 0.1% in May. Italy's Purchasing Managers Index for manufacturing expanded to the highest level in four

Wed, 31 Jul 2013 10:37:05 GMT

Euro falls before unemployment report; Fed meeting conclusion

The common currency fell moderately versus the U.S. Dollar before key data releases that may indicate that the Euro area's unemployment rate remains high, while investors expect the outcome of the Federal Reserve's policy meeting. The 17-nation currency added 0.03% to $1.3266 versus the greenback and jumped 0.11% to 129.86 against the Japanese Yen. 

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