Unemployement Rate in Spain Jumps
Last Updated on Tuesday, 3 May 2011 06:54 Written by Elena Rajkovic Friday, 29 April 2011 02:57
Jobless claims in Spain fly up from 20.3% to 21.3%, a 14 year high. The Spanish economy is still getting blows, along with the high infaltion that rose in April to 3.8% and retail sales rose to 8.6%.
German retail sales volume for m/m basis falls
Last Updated on Friday, 29 April 2011 12:12 Written by Elena Rajkovic Friday, 29 April 2011 12:11
German retail sales volume were released for March with a 2.1% drop, falling for the second month in a row. It.s 2.1% drop for month-on-month basis and 3.5% lower on the year. These values brought Germany to an 11-month low for retail sales.
U.S Gross Domestic Product release
Last Updated on Thursday, 28 April 2011 03:46 Written by Elena Rajkovic Thursday, 28 April 2011 03:46
Gross Domestic Product announcement were released today in the United States, news proved to be weaker than expected; but it line of what the Fed press conference expressed in yesterday’s meetings.
Dollar’s poor times
Last Updated on Thursday, 28 April 2011 02:51 Written by Elena Rajkovic Thursday, 28 April 2011 02:51
The USD weakens against most major currencies making the currency look weak against its rivals. The Japanese currency is recovering against the Dollar after a few ‘bombs’ in Japan from the S&P announcement. The Euro peaked to a 16-month high price against the Dollar at 1.4881 and the Aussie Dollar also gained a fair amount against the U.S Dollar, reaching 1.0947 from 1.0865. Aussie is continuing to look hawkish.
U.K Gross Domestic Product rose by 0.5%
Last Updated on Wednesday, 27 April 2011 12:23 Written by Elena Rajkovic Wednesday, 27 April 2011 12:10
The GBP climbed higher versus the USD right after the results of United Kingdom’s Gross Domestic Product expansion were released. U.K’s GDP increased by 0.5% for the first quarter of the year, after decreasing by the same amount on the fourth (and last) quarter of 2010; as the National Statistic Online reports announced.
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