Swedish jobless up, raises rate cut chance

Tuesday, 22 November 2011 02:26

Sweden’s unemployment rate rose in October, data presented on Tuesday, a fresh sign Europe’s best performing economy is being dragged down by the debt crisis in the euro zone.

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Merkel refuses idea of ECB being lender of last resort

Friday, 18 November 2011 04:10

European leaders trying to resolve debt crisis in Eurozone.

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Eurozone Retail Sales index lower than expected, Portugal downgraded

Tuesday, 5 April 2011 04:25

The Retail Sales index data came out in Europe below expectations at 0.1% and – 0.1%, while the anticipated result was to value at 0.6% and 0.4%. Despite the unattractive news the European currency didn’t change, trading at the 1.4187 level.

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Gold hits longest quarterly gain rise in 30 years

Thursday, 31 March 2011 03:47

Gold hits 1.429.97 in morning trading in the UK, this is the longest quarterly gain rise in 30 years. Gold for June delivery traded 1,431 on Comex in New York. Continual global unrest and ongoing issues in the Eurozone are giving the commodity solid support for the short term.

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