Nikkei 225 jumps before Friday's summit

Source: Marketwatch
On Wednesday Japanese Nikkei Stock Average gained 1.71% or 147.01 points and ended trade at 8,722.17 as investor optimism on upcoming European summit returned. Export-dependent companies rallied, as Toyota Motor Corp. and TDK Corp. ascended 2.3% and 3.1% respectively. Sony Corp. surged 5.8% whereas Elpida Memory climbed 5.7%. Shipping firm Mitsui O.S.K. Lines rocketed 9.3% after it reported plans to operate several large tankers together with 4 other companies.

 

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Wed, 07 Dec 2011 13:44:57 GMT

US stock futures increase

US stock futures increased on hopes for progress in the euro-zone debt crisis resolution. Futures on the Dow Jones Industrial Average gained 58 points to 12,170, those of the Standard & Poor's 500 index increased by 6.10 points to 1,261 while Nasdaq 100 futures added 10 points to 2,331.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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