China manufacturing activity expanded in April

Note: This section contains information in English only.
Source: Bloomberg
Chinese manufacturing activity expanded in April for the fifth consecutive month, reducing pressure on officials to boost monetary accommodation. China's PMI climbed from 53.1 in March to 53.3 in April, official data showed on Tuesday. Economists questioned by Bloomberg predicted the index to reach 53.6. HSCB Holdings preliminary index, released last week, showed production activity may have declined for a sixth straight month.
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Tue, 01 May 2012 06:35:55 GMT

European stocks close lower on Monday

European shares finished Monday in red area as Spanish banks faced additional pressure amid weak macroeconomic data and Chicago PMI slowed in April. Stoxx Europe 600 index dropped 0.7%, IBEX 35 tumbled 1.9% and FTSE 100 slipped 0.7%. French CAC 40 index fell 1.6% and German DAX gave up 0.6%. 

Tue, 01 May 2012 06:13:45 GMT

Euro trades around two-week record low against Yen

The 17-nation currency traded close to  two-week record low versus Japanese Yen ahead of Spanish debt auction due this week as investors remain worried about uncertainty in Europe. Shared currency traded at JPY 105.78 in Asian trade. Currently EUR/JPY is trading at 105.63

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