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UK households grow most pessimistic about their finances as cuts loom

The prospect of public spending cuts leaves more households worried about their finances. Read More UK households grow most pessimistic about their finances as cuts loom

MPCs Adam Posen warns Britain at risk of Japanstyle deflation

Bank of England policymaker and expert on Japan says Britain may be even worse-equipped than the Asian country to escape deflation. Read More MPCs Adam Posen warns Britain at risk of Japanstyle deflation

More than 50,000 jobs at risk from ?62bn cuts

Treasury ministers say measures “only the first step” towards repairing Britain’s public finances and “tougher” cuts will follow. Read More More than 50,000 jobs at risk from ?62bn cuts

Markets back George Osbornes ?62bn spending cuts

The new coalition Government has managed to secure the confidence of the markets, economists declare. Read More Markets back George Osbornes ?62bn spending cuts

UK GDP growth revised up as manufacturing rebounds

Britain’s economy grew slightly faster than initially estimated in the first three months of this year after a strong rebound in industrial production and business services, official data showed on Tuesday. Read More UK GDP growth revised up as manufacturing rebounds

A falls as stocks slump

The Australian dollar closed two US cents lower, with risk averse investors selling the local currency as equity markets slumped amid fresh concerns about the stability of Europe’s financial system. 9 Vote(s) Read More A falls as stocks slump

Corn,Wheat and Soybeans Drop as Dollar Gains on Euro Concern

Corn, wheat and soybeans declined after the seizure of a Spanish bank stoked investor concern that Europe’s debt crisis may hurt the global recovery, strengthening the dollar and making U.S. crop supplies more expensive. 8 Vote(s) Read More Corn,Wheat and Soybeans Drop as Dollar Gains on Euro Concern

CADJPY Breaking Down May 25, 2010

The CADJPY looks to be breaking below the current support line (red line) in the 3-hour chart and bound to go to lower levels. We can expect a bounce at 83.01 (green line) or at 82.14 (blue line) which are the next supports. If these supports sti 7 Vote(s) Read More CADJPY Breaking Down May […]

The Asian stocks fell to the lowest in 10 months

The Asian stocks indexes lost yesterday’s gains and fell to the lowest in 10 months on growing tensions between South Korea and North Korea which pushed the won to the lowest in also 10 months. The fears over Europe’s debt crisis also contributed 6 Vote(s) Read More The Asian stocks fell to the lowest in […]

Gold falls as dollars rise douses rally

Gold fell on Tuesday and platinum and palladium were particularly hard hit on dollar strength, pulling back from a rally on Monday sparked by fresh economic worries in Europe and a negative session on Wall Street. 5 Vote(s) Read More Gold falls as dollars rise douses rally