Euro Zone Woes Continue

admin — Wed, 02 Sep 2009 20:02:07 +0000

Despite reporting a smaller-than-expected second quarter economic contraction, the woes continue for the 16 countries that form the Euro Zone. The region’s unemployment rate rose to a seasonally adjusted rate of 9.5% (15.1 million people) in July. This is the worst monthly percentage figure the Euro Zone has seen in about 10 years.

Additionally, the unemployment rate across the 27-member European Union climbed to 9%, the highest level since 2005. Additionally, the story seems the same in Japan, where the unemployment rate hit a record 5.7% in July.

Overnight Market News – July 2, 2009

admin — Thu, 02 Jul 2009 12:05:31 +0000

US Labor Department Report Expected to Show that June Unemployment Spiked to a 26-Year HI of 9.6% from 9.4% in May
Euro Zone Unemployment Reaches 10-Year HI of 9.5% in May from April’s 9.3%
China to Fund Railway Expansion Through IPO Worth Up to USD 5B
Australia’s Trade Gap Widens to a Seasonally Adjusted AUD 556mm in May from April’s Revised AUD 282mm on Fall in Exports
Lear Corp to File for Bankruptcy Protection After Reaching Tentative Agreement with Lenders
Chinalco Purchases USD 1.5B Rio Tinto Plc Shares in Rights Offer, Maintains 9.3% Stake
Crude Oil Stands at USD 69.31 per Barrel
Ethanol Stands at USD 1.66 per Gallon
Natural Gas Stands at USD 3.80 per British Thermal Unit (Btu)
Gold Stands at USD 941.00 per Troy Ounce
Dow Jones Industrial Average Rises 57.06 Points (0.68%)
London FTSE Index Falls 25.96 Points (-0.60%)
Japan Nikkei Index Falls 63.78 Points (-0.64%)
Hong Kong Hang Seng Index Falls 200.68 Points (-1.09%)
Brazil Bovespa Index Rises 78.32 Points (0.15%)

News Feed » Euro Zone Unemployment

Euro Zone Woes Continue

Overnight Market News – July 2, 2009