Indian economic expansion decelerated to 6.1% in Q4

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Source: Dukascopy
India's economy expanded by 6.1% in Q4, indicating the slowest growth in about two years. The slowdown in expansion was mainly caused by the slowdown in mining and manufacturing. Economists surveyed by Dow Jones Newswires expected the country's economy to grow by 6.3% in the last quarter of 2011. However, investors remain optimistic about India's perspectives as they hope that lower inflationary pressure and slower growth will force Reserve Bank of India to reduce interest rates.


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Wed, 29 Feb 2012 11:30:24 GMT

European shares recover and end the session higher

European equities fluctuated between gains and losses on Tuesday. Shares fell sharply on report US durable goods orders declined 4% in January but retreated later on data US consumer confidence climbed to 12-month record high. Stoxx Europe 600 index added 0.18% to 264.33, FTSE 100 index gained 0.21% and finished at 5,927.91 and German DAX advanced 0.56% to 6,887.63. French

Wed, 29 Feb 2012 10:59:52 GMT

Japan's industrial production added 2% in January

Japanese industrial production posted 2% gain on a monthly basis in January, reported the Ministry of Economy, Trade and Industry. The increase is impressing as analysts expected only 1.5% rise after industry production soared by 3.8% in December. Considering yearly changes, industrial production contracted by 1.2%, confronting the expectations of a 1.6% fall.

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