| Forex Market Update | Fri Feb 26 09:07 2010 |
Economic News
Feb 26, 2010 U.S. GDP Increases By Revised 5.9% In Q4U.S. economic activity in the fourth quarter expanded by more than previously expected, according to a report released by the Commerce Department on Friday, with the upward revision partly due to a smaller than previously expected drop in inventories.
Full Article Feb 26, 2010 Swiss Feb KOF Economic Barometer Highest Since 2007 The KOF leading indicator for Switzerland rose to its highest level since 2007 in February. The KOF economic barometer that indicates the strength of the economic recovery in the coming months reached 1.87 points in February, up from January's revised reading of 1.81. It beat forecast for a reading of 1.80. The indicator gathered increasing momentum after bottoming out in April 2009.
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Feb 26, 2010 Japan January Core CPI Falls 1.3% On YearCore consumer prices in Japan declined 1.3 percent on year in January, the Ministry of Internal Affairs and Communications said on Friday, declining for the 11th straight month and reinforcing deflationary fears.
Full Article Feb 26, 2010 U.K. Q4 GDP Grows Better Than EstimatedThe British economy recovered from recession at a quicker than estimated pace in the fourth quarter mainly due to an upward revision in service sector output. Still, the outlook remains uncertain.
Full Article Political News
Feb 26, 2010 U.S. Rejects Iranian Claims Of Jundallah LinksThe Pentagon has rejected Tehran's accusations of aiding and abetting the outlawed Jundallah (God's soldiers) Sunni insurgent outfit prior to the arrest of its leader Abdolmalek Rigi by Iranian authorities earlier this week.
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Feb 26, 2010 Risk Appetite Returns In Asian Markets – Westpac Westpac analysts noted that Asian markets generally traded higher on Friday and the U.S. equity futures rose modestly despite weak closes by Europe and U.S. stock markets yesterday on dismal U.S. jobless claims report and concerns over Greece rating downgrade.
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Energy
General News
Feb 26, 2010 Several Killed In China Starch Plant ExplosionMore than 19 persons were killed and five others reported missing after a huge explosion at a plant in northern China producing starch, state media said Friday.
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