RON drops sharply
12 February 2009
The official NBR exchange rate (Feb 12) for EUR/RON is 4,2942 and 3,3501 for USD/RON.
Posted in Forex, Limba Romana!Comments (0)
EU industrial production fell 12% in Dec y/y
12 February 2009
According to Eurostat, in December 2008 compared with December 2007, industrial production declined by 12.0% in the euro area and by 11.5% in the EU27.
Posted in MacroeconomicsComments (1)
Australia Jobless up to 4.8% in Jan.
12 February 2009
According to Australian Bureau of Statistics, the unemplyment rate for January rose 0.3% to 4.8% in January compared with December 2008, seasonally adjusted.
Posted in MacroeconomicsComments (0)
New Zealand Food Prices up 9.5% in Jan y/y
12 February 2009
According to Statistics New Zealand, food prices index rose 0.8% in January (MoM) and +9.5% compared with January 2008.
Posted in MacroeconomicsComments (0)
Canada’s House Prices +0.4% in Dec yr/yr
12 February 2009
According to Statistics Canada, housing prices for December 2008 declined 0.1% month-on-month and rose by 0.4% year-on-year.
Posted in MacroeconomicsComments (0)
EUR, USD set to rise against RON
11 February 2009
The official NBR exchange rate (Feb 11) for EUR/RON is 4,2729 and 3,3023 for USD/RON.
Posted in Forex, Limba Romana!Comments (0)
It Is Time to Nationalize Insolvent Banking Systems
11 February 2009
This too-big-to-fail problem has now become an even-bigger-to-fail problem as the current approach has lead weak banks to take over even weaker banks. Merging two zombie banks is like have two drunks trying to help each other to stand up.
Posted in MacroeconomicsComments (0)
UK house buyer enquiries increase in Jan
11 February 2009
According to The Royal Institution of Chartered Surveyors, housing price expectations deteriorate, sales expectations turn positive and sales to stock ratio rises for the first time since September 2007.
Posted in MacroeconomicsComments (0)
Australia Consumer Sentiment drops in February
11 February 2009
Fearful consumers ignore rate cut as The Westpac–Melbourne Institute Index of Consumer Sentiment fell by 4.6% in February from 89.9 in January to 85.8 in February according to Westpac.
Posted in MacroeconomicsComments (0)
Swiss CPI drops 0.8% in Jan
11 February 2009
According to the Federal Statistical Office, consumer price index in Switzerland fell in January as a result of clearance sales and the continuing fall in petrol prices.
Posted in MacroeconomicsComments (0)
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