Posts Tagged: Economic growth

The Great Britain Pound has been faced with a difficult time today as a result of the fact that the economic growth has downgraded intensely. The situation in the entire world is rather difficult at the moment, with most of the countries being faced with a slow rhythm of growth and with sovereign debt problems which increases the concerns of the traders.

The fall of the Great Britain Pound comes as a result to the report of the UK Government today which indicates the fact that Britain’s economy has had a slower pace of growth lately, smaller than the one which has previously been estimated. This has increased the concerns related to which the Great Britain’s economy is very likely not to be able to survive without additional stimulus.

The report indicated the fact that the UK’s gross domestic product in the first quarter was changed from 0.2 percent to 0.1 percent. This has also occurred Read more »

NIKKEI started the day at 9,446.84, previous close was 9,448.21. HANG SENG opened at 22,333.70, previous close was 22,508.08. Japan BSI Manufacturing Index came in at -23.3% vs -2.1% forecasted. For now, support at 9,400 seems strong and Asian investors are buying Japan shares. Shares of electric power companies rose after the cabinet approved a scheme to help Tokyo Electric Power compensate people affected by the crisis at its crippled Fukushima nuclear power plant. However the market is losing its momentum due to concerns over the U.S. and Chinese economic growth.

Asian trading session started with USD strength but later the situation reversed. USD is declining against its major counter parts. USD/JPY is trading between 80.07 and 80.25. NZD is trying to reverse its decline after the earthquakes struck Christchurch yesterday. AUD dropped after the weak NAB Business Confidence data but it climbed after China CPI and Industrial Production data released.

Economic reports released today showed that Read more »