India's PMI faces 6-month high growth

Note: This section contains information in English only.
Source: Bloomberg
India's industrial production expanded in December reaching the quickest pace in 6 months strengthening inflationary pressure and lessening possibility for the national bank to lower interest rates. In December Purchasing Managers' Index climbed to 54.2 compared to 51.0 in November, according to HSBC Holdings Plc's report. Production activity recovered in India as number of new orders and output rose. 
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Mon, 02 Jan 2012 11:15:08 GMT

European stocks open higher on the first trading day in 2012

European stock markets opened up on the first trading session this year, led by German shares, as investors responded positively to PMI data. However, the activity was limited as UK and US markets are closed for a holiday. Both Stoxx Europe 600 index and French CAC 40 index added 0.1% to 244.86 and 3,163.89, respectively. German DAX jumped 1.45% 5,983.74 led by SAP AG

Mon, 02 Jan 2012 09:15:17 GMT

India government to allow foreign investors to purchase stocks

India's government has decided to allow foreign individual investors to purchase directly domestic equities as the nation attempts to stimulate capital inflows and lessen volatility in its financial markets. The new law is expected to be approved by January 15. At the moment overseas investors are allowed to invest in stocks only via participatory notes.

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