European shares open lower on World Bank announcement

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Source: Marketwatch
European equity markets started lower on Wednesday after World Bank cut global growth forecast for 2012. World Bank reduced its growth expectations this year from 3.6% estimated in June to 2.5%. Stoxx Europe 600 Index lost 0.5% and UK FTSE 100 Index dropped 0.4%. French CAC 40 Index and German DAX each fell 0.3%. 
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Wed, 18 Jan 2012 11:08:19 GMT

Nikkei extends gains on Wednesday

Japan's Nikkei Stock Average climbed on Wednesday, lifted by unexpected surge in German investor confidence and extending gains from China's GDP announcement. Nikkei 225 Index advanced 0.99% or 84.18 points and finished at 8,550.58 led by Tokyo Electric Power Co. which rocketed 7.8%, after the company said it will increase electricity prices for corporate clients in April. On the downside

Wed, 18 Jan 2012 10:24:26 GMT

Hang Seng 0.3% up on Wednesday trade

Hong Kong's Hang Seng Index posted modest gains on Wednesday as investors upheld optimism about Chinese economic growth amid news about German investor confidence. Hang Seng index added 0.3% or 59.17 points and settled at 19,686.92. Property share rallied in Hong Kong as China Overseas Land & Investment Ltd. advanced 1.4% and Sino Land Co. jumped 1.7%. On the downside

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