Germany's factory orders unexpectedly drop

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Source: Bloomberg
Germany's factory orders unexpectedly slipped in January as overseas demand for machinery and similar investment goods fell. Factory orders lost 2.7% compared to a 1.6% gain in December, said Economy Ministry. Economists questioned by Bloomberg earlier predicted an 0.6% increase. On yearly basis orders have dropped 4.9%. Euro erased morning gains on report. 
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Wed, 07 Mar 2012 16:18:50 GMT

FTSE 100 retreats led by Admiral Group

After a rapid drop of 1.9% in previous session, British FTSE 100 index retreated and climbed 0.5% on Wednesday as investors awaited results of a Greek debt swap agreement. Mining sectors recovered from losses with Kazakhmys PLC adding 2.6% and Eurasian Natural Resources Corp gaining 2.3%. Admiral Group PLC jumped 10% on better than expected pre-tax profit for 2011. On

Wed, 07 Mar 2012 14:33:26 GMT

Asian shares lower on global worries

Asian markets showed a weak performance on Wednesday led by resource stocks and banks as investors remained concerned about possible outcome of Greek swap deal. Australia's S&P/ASX 200 index fell 1.5%, Hong Kong's Hang Seng index declined 0.9% and Japan's Nikkei Stock Average lost 0.6%. South Korea's Kospi slipped 0.9% and China's Shanghai Composite shed 0.7%. 

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