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Fundamental News Summary
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European Session News Summary
Fri, Oct 16 2009, 10:23 GMT
by ecPulse.com analysis team
Italy’s trade slump!
Italy’s trade surplus shrunk into deficit in August to 1348.0 million from the previously revised 4097.0 million from 4107.0 million originally reported. As for its EU trade balance the recession is taking a strong toll on the nation as also it set 3780.0 million shortfall after 2388.0 million surplus revised lower from the originally reported 2397.0 million euros.
Affected by the sharp trade fallout the current account slumped to -3168.0 from the previous month’s surplus of 3334.0 million euros.
Russian Producer Prices slow the rise
Russian producer prices rose by 1.2% in September easing the gains from the previous month’s 1.4% rise yet still was higher that the projected 1.0%. On the year how ever, the sever drop narrowed as prices are now down with 5.5% compared to 10.8% previous fall and was higher than the expected 5.7% drop.
Slovenia’s Unemployment
Data released today from Slovenia reported that the unemployment held steady at 9.4% in August.
Turkey’s Consumer Confidence
Consumer confidence in Turkey rose slightly in September to 81.9 from 81.3 and was a notch above median estimates for 81.8.
Euro Zone's trade balance shrinks
Trade surplus seasonally adjusted in the Euro Zone shrunk to 1.0 billion euros compared with the previous 6.0 billion euros surplus and median estimates of 5.1 billion euros surplus. The trade balance in non-seasonally adjusted terms revealed a deficit of 4 billion euros from the revised previous surplus of 12.3 from 12.6 billion euros while the markets were expecting a surplus of 5.1 billion euros.
Swiss Retail Sales Dropped Unexpectedly in August
Switzerland released annual retail sales for August coming in at -1.0%, lower than the previous 1.1% and median forecasts of 1.0%.
Published on Fri, Oct 16 2009, 10:24 GMT
Archive
- Asian Session News Summary
Published On Tue, Nov 24 2009, 05:57 GMT - European Session News Summary
Published On Mon, Nov 23 2009, 15:55 GMT - US Session News Summary
Published On Fri, Nov 20 2009, 21:12 GMT - US Session News Summary
Published On Thu, Nov 19 2009, 21:10 GMT - Asian Session News Summary
Published On Thu, Nov 19 2009, 05:48 GMT
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