Manufacturing production in the U.K. dropped 0.7% in April

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Source: Forexpros

The U.K. manufacturing production gauge dropped significantly more than it was expected. The U.K. Office for National Statistics reported that the index tumbled 0.7% in April, whereas analysts had expected a slight decline of 0.2%. In March manufacturing production index grew by 0.9%, however, this figure is unrevised yet.

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Tue, 12 Jun 2012 13:52:41 GMT

Tertiary index in Japan sank unexpectedly

On Monday, official data showed that the index of Japanese tertiary activity dropped unexpectedly in April. Ministry of Economy, Trade and Industry reported that the index decreased to -0.3%, from March's seasonally adjusted -0.6%. However, the economists had expected that the index would rise to 0.4%.

Tue, 12 Jun 2012 10:26:42 GMT

Nikkei 225 erases gains on European anxiety

Japan's Nikkei Stock Average erased part of yesterday's gains as initial optimism about Spain's bailout request turned into anxiety over deal details. Nikkei 225 dropped 1.02% or 88.18 points and closed at 8,536.72. A slump in oil prices weighed on Japanese oil companies. JX Holdings slipped 3.1% and Inpex Corp ended 0.7% down. Europe concerns pushed the Yen above 100

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