Germany: Import Price Index up 0.1% in January

The German Import Price Index rose 0.1% in January, compared with the 0.5% fall in December, Deutsche Bundesbank reported on Wednesday. Analysts projected more growth of 0.3%.

On an annual basis the Import Price Index dropped 0.8%, following a 0.3% increase and below forecasts of -0.6%.

Feb 27, 2013

Forex: EUR/USD advancing to 1.3085/90 after German Gfk

The bloc currency is gaining some ground after the German Gfk Consumer Confidence Survey came in at 5.9 for the month of March, in line with expectations and exceeding February’s 5.8...

Asian markets improve but Japan's Nikkei extends fall

Japan's Nikkei Stock Average fell again today, by -1.27%, as investors almost confirm Kuroda as new BoJ Governor, after Japan’s opposition party (DPJ) announcing their support. Italy's political stalemate is hurting global sentiment. However, most Asian equity indexes edged higher on Wednesday: Mainland China's Shanghai Composite (+0.76%), South Korea's Kospi (+0.20%), Hong Kong's Hang Seng (+0.16%).