U.K. construction activity decreases most in 3-year period

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Source: RTT News

Construction activity in the U.K. dropped at the steepest pace in more than three years in February as the output and new works recorded a notable reduction, the Markit Economics survey showed on Monday. The Markit/Chartered Institute of Purchasing & Supply Purchasing Managers' Index went down from 48.7 in January to a 46.8 level in the last month, compared to a 49 points figure initially forecast.

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Mon, 04 Mar 2013 15:48:03 GMT

Hong Kong equities down, as new mortgage rules approved

Hong Kong equities slumped on Monday, as investors took short positions in mainland markets after Beijing launched measures to curb the rising prices of property in China. Chinese government announced that owners of homes who sell off their houses, would need to pay 20% on their profits as a capital gains tax. The Hang Hang Seng index decreased 342.41 points

Mon, 04 Mar 2013 14:58:04 GMT

Japanese equities gain as Haruhiko Kuroda pledges for more stimulus

Japanese Nikkei 225 Index edged higher on Monday, as the nominee for central bank's position of governor outlined a sound policy to tackle deflation, as he pledged to not set any boundaries to the amount of money that needs to pumped into economy. Gains in the index were mainly led by real estate and financial companies. The Nikkei climbed 0.4%

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