Latest economic news from Sidney we reporting, Australia Consumer Sentiment Rises Moderately In October, Confidence among Australian consumers improved marginally in October, a survey by Westpac and Melbourne Institute revealed Wednesday. Nonetheless, pessimists outweighed optimists even after a surprise quarter-point reduction in the cash rate by the central bank early this month
Meanwhile, latest economic data from Paris we reporting, French Aug Industrial Production Rises Unexpectedly, France's industrial production growth accelerated in August, increasing hopes that the second largest Eurozone economy could escape a recession in the third quarter
From Rome Italy we reporting, Italian Borrowing Costs Rise At T-Bill Auction, Italy's borrowing costs increased at its treasury bill auction on Wednesday as investor confidence underpinned by European Central Bank's promise to buy bonds weakened gradually in the face of new uncertainty about Spain's bailout request. Nonetheless, the auction attracted more investors than in September. The Treasury sold EUR 3 billion from 91-day bills and EUR 8 billion 364-day bills, raising altogether EUR 11 billion
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