Australia leaves key interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Reserve Bank of Australia decided to leave its benchmark interest rate unchanged citing lingering risks in Europe. Governor Glenn Stevens announced RBA will stick to overnight cash rate at 4.25%. RBA decision indicates confidence in US economic outlook and optimism about local employment. Inflation level is expected to fluctuate between 2% and 3%. Australian Dollar dropped 0.5% on the news.
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Tue, 06 Mar 2012 07:25:25 GMT

Euro depreciates against the Yen for a fifth straight day

17-nation currency weakened versus Japanese Yen ahead of European GDP report which is predicted to show the economy contracted in the 4th quarter as debt crisis harmed growth. Euro dropped 0.2% versus Yen to JPY 107.56 and lost 0.1% against greenback to USD 1.3203. Currently EUR/JPY is trading at JPY 107.49 and EUR/USD is trading at USD 1.3196.

Mon, 05 Mar 2012 17:01:13 GMT

DAX index weighted down by Euro Zone PMI data

German DAX index traded into negative territory on Monday as PMI data showed Euro Area business activity index dropped more than expected to 49.3  in February. Index recovered during the session as retail sales in Euro Zone unexpectedly rose in January. BASF SE lost 0.9% after Citigroup lowered  share's rating to neutral. HeidelbergCement AG tumbled 2.6% after ING cut stock's

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