Asian stocks finish lower on Thursday

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Source: Marketwatch
Asian share markets closed lower on Thursday as Chinese government's and HSBC's estimates of nation's manufacturing activity differed, raising concerns whether economy expanded or contracted in February amid worries government won't provide monetary easing. Appreciating Yen also put downward pressure on Asian shares. Australia's S&P/ASX 200 Index fell 1.0%, Hong Kong's Hang Seng Index tumbled 1.4% and Japan's Nikkei Stock Average slipped 0.2%. Shanghai Composite index lost 0.1% but South Korean markets remained closed for a holiday. 
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Thu, 01 Mar 2012 14:20:08 GMT

UK manufacturing growth eased in February

British manufacturing activity growth modestly cooled in February, showed PMI survey on Thursday. The Purchasing Managers' Index declined to 51.2 in February compared to 52.0 in January. Nevertheless the reading still indicates expansion. Economists questioned by Dow Jones Newswires predicted an index to climb to 52.1. One possible explanation for the decline might be surging oil prices, suggest analysts. 

Thu, 01 Mar 2012 13:27:33 GMT

Euro Area unemployment rate climbs to 10.7% in January

The jobless rate in the Euro Area accelerated to 10.7% in January compared to 10.6% in December said Eurostat on Thursday. The released figure marks the highest unemployment rate in the region since the enforcement of common currency in 1999. The number of jobless in 17-country region climbed by 185 000 to 16.925 million. 

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