China's PMI unexpectedly weakens

Source: Bloomberg
China's Purchasing Managers' Index tumbled to 50.1 in July, the eight-month low, as the government reported on Wednesday. China moved very close to the 50 marks, the dividing line between contraction and expansion. Leaders of China from the Communist Party promised on Tuesday to continue adjusting policies to guarantee stable boost.
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Wed, 01 Aug 2012 07:19:54 GMT

Yen rises on manufacturing data

The Yen gained versus its major counterparts amid Asian stocks fall on signs that manufacturing around the world declines. Japan's currency rose 0.2% to 95.93 per Euro after China's PMI displayed the slowest manufacturing growth in eight month and earlier than a European manufacturing benchmark proves estimated slid in July. The Yen also gained 0.1% to 8.03 per Dollar.

Tue, 31 Jul 2012 18:42:51 GMT

Oil dropped on Tuesday

Oil futures dropped for a second day in a row, as the Federal Reserve may announce additional measures to boost the world's biggest economy. September oil declined by 1.8 per cent, to $88.17 per barrel, Brent crude for September delivery tumbled 1.1 per cent, to $105.05 per barrel. The fall was also provided by Angela Merkel's coalition rejection to provide Euro rescue fund with a

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