US manufacturing grows more than expected in December

Note: This section contains information in English only.
Source: Bloomberg

US production escalated in December, reaching the quickest pace in 6 months. The factor index estimated by Institute for Supply Management rose to 53.9 in December, compared to 52.7 in November. Analysts questioned by Bloomberg previously predicted the index would increase to 53.5. Commodity and stock markets rallied on the announcement. 

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Wed, 04 Jan 2012 07:50:50 GMT

European stocks close higher on US manufacturing data

European shares rallied Tuesday as in the morning they were lifted by lower than expected jobless rate in Germany but in the evening US reported better than predicted manufacturing activity. Stoxx Europe 600 index added 1.6% or 3.91 points and finished at 251.06, UK's FTSE 100 index rocketed 2.3% or 127.63 points after bank holiday and closed at 5,699.91. German DAX 30 index climbed 1.5% or 91.05

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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