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Tag: Spain

Spain Retail Sales Continue To Fall

Jul 31 2012 08:01:03 Forexbrokerz.com in Market

Spain retail sales declined 4.3 percent in June from the prior year, the same rate of decline as seen in the prior month, the statistical office INE said Tuesday. Food sales slipped 0.7 percent and non-retail turnover were down 6.8 percent in June. Read more

Spain Q2 GDP Shrinks 0.4%

Jul 30 2012 08:01:03 Forexbrokerz.com in Market

The Spanish economy contracted 0.4 percent quarter-on-quarter in the second quarter, in line with Bank of Spain estimates, the latest figures from the statistical office Ine showed Monday. This followed 0.3 percent contraction in the final quarter of 2011 as well as in the first quarter of 2012. Read more

Spain Inflation Accelerates In July

Jul 30 2012 08:01:02 Forexbrokerz.com in Market

Spain's harmonized inflation rose to 2.2 percent in July from 1.8 percent in June, flash data from the statistical office INE showed Monday. Likewise, consumer price inflation increased to 2.2 percent annually from 1.9 percent a month ago. The final report is due on August 14. Read more

Spain Borrowing Costs Keep Climbing On Bailout Concerns

Jul 24 2012 13:01:02 Forexbrokerz.com in Market

Spain paid a hefty premium to sell its short-term debt on Tuesday as investors remained worried that the country is on the brink of seeking a full-blown bailout. Read more

Spain Short-term Borrowing Costs Rise Despite Strong Demand

Jul 24 2012 10:31:05 Forexbrokerz.com in Market

Spain paid more than what it did last month to place its short-term debt on Tuesday, despite better demand, amid rising concerns that the country is set to seek a full bailout. The country raised EUR 3. Read more

Spanish Recession Worsened In Q2, Bank Of Spain Says

Jul 23 2012 11:01:03 Forexbrokerz.com in Market

The Spanish economy sunk deeper into recession in the second quarter, the Bank of Spain said, while bailout concerns pushed the country's borrowing costs to euro-era highs. In its quarterly estimates released on Monday, the Bank of Spain said the economy would have contracted 0. Read more

Bank Of Spain Says Economy Contracted 0.4% In Q2

Jul 23 2012 09:31:03 Forexbrokerz.com in Market

The Spanish economy contracted 0.4 percent quarter-on-quarter in the second quarter, Bank of Spain said in its quarterly estimates released Monday. This was sharper than the 0.3 percent contraction reported in the first quarter of 2012 as well as in the fourth quarter of 2011. Read more

Spain Sees No Exit From Recession Next Year

Jul 20 2012 15:31:03 Forexbrokerz.com in Market

The Spanish government cut its economic forecast on Friday and sees the recession extending into next year as it adopts more austerity measures. The government now expects the economy to shrink 0.5 percent in 2013, in contrast to its earlier forecast for a growth of 0.2 percent. Read more

Eurogroup Approves Spain Bank Rescue Deal Terms

Jul 20 2012 15:01:02 Forexbrokerz.com in Market

Eurozone finance ministers gave their final nod of approval for a EUR 100 billion bailout deal for troubled Spanish banks on Friday. The agreement to backstop the Spanish banking sector was unanimous among the 17 members of the eurozone. Read more

Spain Bond Yields Surge, Demand Falls

Jul 19 2012 10:31:03 Forexbrokerz.com in Market

Spain saw its borrowing costs soar at a debt auction on Thursday, which also revealed poor demand for the embattled country's debt amid rising investor concern. The Spanish benchmark 10-year bond yield started rising ahead of the sale and crossed 7 percent afterwards. Read more

Euro Erases Recent Gains Against Dollar And Yen After Spain Auction Results

Jul 19 2012 09:31:02 Forexbrokerz.com in Market

The euro that strengthened against the dollar and yen in early European deals on Thursday following higher European stocks erased its gains after Spanish bond auction results, which showed that the nation sold EUR 2.981 billion bonds, compared with EUR2- EUR3 billion target. Read more

European Economics Preview: Spain Debt Auction Due

Jul 19 2012 06:31:02 Forexbrokerz.com in Market

Spain's medium-term debt auction is the major event due on Thursday, headlining a busy day for the European economic news. Switzerland's trade data for June is due at 2.00 am ET. The trade balance showed a surplus of CHF 2.52 billion in May. At 3. Read more

Spain Borrowing Costs Decline At T-bill Sale

Jul 17 2012 10:31:05 Forexbrokerz.com in Market

Spain's borrowing costs declined but remained high on Tuesday at the first debt auction since the government announced a EUR 65 billion austerity package last week. The Spanish Treasury sold a total EUR 3.56 billion of 12- and 18-month bills, slightly exceeding the target of EUR 2. Read more

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