China's shares plunge on leadership change

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Source: Bloomberg
© scanpix/Reuters

Chinese equities declined after 5 days' advance on ambiguous data on China's service industry and the leadership congress of Communist party. The Shanghai Composite Index (SHCOMP) eased 0.1% to 2,114.03, whereas the HSBC Holdings Plc and Markit economics' released services purchasing managers' index fell from 54.3 in September to 53.5 in October. Experts say investors tend to avoid risk because of uncertainty about the leadership in China and the U.S.

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Mon, 05 Nov 2012 15:32:15 GMT

US shares plunged on Friday

US stocks ended the week in the negative territory despite positive data from national economy. US non-farm payrolls climbed more than expected last month, indicating that the country's labour market is recovering. At the same time, market sentiment came under heavy pressure as traders turned to safe-haven assets ahead of the US presidential elections due November 6. The S&P 500

Mon, 05 Nov 2012 14:09:15 GMT

Eurozone confidence increased in November

Sentix, a market research group, reported on Monday that investor confidence in Eurozone improved in November more than expected. Sentix index of investor confidence advanced to minus 18.8 this month from a figure of minus 22.2 last month. Economists, however, expected that the index would improve only to minus 20.0.

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