European stocks open higher on the first trading day in 2012

Source: Marketwatch

European stock markets opened up on the first trading session this year, led by German shares, as investors responded positively to PMI data. However, the activity was limited as UK and US markets are closed for a holiday. Both Stoxx Europe 600 index and French CAC 40 index added 0.1% to 244.86 and 3,163.89, respectively. German DAX jumped 1.45% 5,983.74 led by SAP AG and E.On AG gaining 1.2% and 1.0%, accordingly. 

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Mon, 02 Jan 2012 12:03:53 GMT

Canadian Dollar averages above par in 2011

Canadian currency traded on average close to parity last year, reaching strongest mean value since 1976. The Loonie averaged C$0.9892 per US Dollar in 2011. Canadian Dollar experienced its highest annual closing price against the Euro since 1999. The strength of national currency is provided by long-term conservative practices and regulations, said C.J. Gavsie, forex trading unit executive at Bank of Montreal. The Loonie

Mon, 02 Jan 2012 11:13:12 GMT

India's PMI faces 6-month high growth

India's industrial production expanded in December reaching the quickest pace in 6 months strengthening inflationary pressure and lessening possibility for the national bank to lower interest rates. In December Purchasing Managers' Index climbed to 54.2 compared to 51.0 in November, according to HSBC Holdings Plc's report. Production activity recovered in India as number of new orders and output rose. 

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