Chinese stocks gain as growth concern ease

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
On Friday, Chinese stocks advanced on speculation that the economy is rebounding, after the release of yesterday's optimistic data. The Shanghai Composite Index was increasing for the fourth consecutive day, adding 0.6%, and closed at the level of 2,117.05. The index experienced a 2.5% rally this week, which was the biggest weekly gain since September 28.
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Fri, 02 Nov 2012 10:18:26 GMT

U.K. construction PMI grew unexpectedly last month

Markit, a market research group, reported on Friday that British construction sector grew unexpectedly last month, but U.K. firms continued to be cautious about the future. The Markit/CIPS Construction Purchasing Managers' Index climbed to 50.9, the highest since July, compared to a reading of 49.5 in the preceding month. Analysts, however, expected that the index would be equal to 49.1

Fri, 02 Nov 2012 21:16:08 GMT

Commodities drop amid forthcoming U.S. unemployment data

Commodities tumbled amid expectations on the upcoming U.S. unemployment data. The Standard & Poor's GSCI reading tracking 24 commodities plunged 0.4%, keeping its falling trend for the third consecutive week. Copper eased 0.5% to $7,789.75 per metric ton on the London Metal Exchange, while the on the spot platinum slid 0.7% to 1,559.50 an ounce.

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