Asian markets decline on ECB decision

Note: This section contains information in English only.
Source: Marketwatch
Asian equity markets tumbled on Thursday after ECB agreed to provide massive lending to European banks, bolstering investor caution. Some analysts suggest the cheap cash will only encourage lending among banks and will not contribute to the reduction of debt burden. Japan's Nikkei Stock Average fell 0.7%, Hong Kong's Hang Seng Index gave up 0.5% while South Korea's Kospi dropped 0.3%. Australia's S&P/ASX 200 index edged down 1.2% and Shanghai Composite plunged 1%.  

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Thu, 22 Dec 2011 08:13:56 GMT

Dollar rebounds against the Euro on Asian session

The US Dollar climbed 0.8% from 11-month record high against Euro ahead of ECB president Draghi's speech later today. 17-nation currency maintained yesterday's fall on expectations Standard & Poor's will lower credit ratings for European nations, while Italy and France prepare for bond auction. On Thursday Asian trade Greenback traded $1.3044. Currently EUR/USD is trading at $1.3062.

Wed, 21 Dec 2011 17:09:54 GMT

Oil rallies after IEA report

Crude futures advanced after the IEA reported larger than expected decline in US crude oil supplies. The US crude oil supplies decreased by 10.6 million barrels last week. Experts at Platts projected the fall to be 2.4 million barrels. Crude oil for delivery in February added 1.8% to $98.97 a barrel.

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