Europe's stocks fall eying China and IMF

Source: Marketwatch
© Scanpix/Reuters

European share markets traded lower on Wednesday; STOXX Europe 600 index lost 0.2% to 222.87 On Tuesday it also decreased by 0.7% because of cut in US growth forecast. Today's decline was caused mainly by report of drastic decrease in China's manufacturing output and IMF's announcement about setting up a credit line aimed at preventing debt crisis in Europe.

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Wed, 23 Nov 2011 13:54:42 GMT

Hang Seng Index experiences a new decline

On Wednesday Hong Kong's Hang Seng Index extended its decline and dropped by 2.1% closing at 17,864.43 or 387.16 points down compared to Tuesday. The sharp decline was mainly caused by China's disappointing manufacturing survey. PCCW Ltd was among major losers in index, giving up 3.3% after pricing its telecom trust at lowest level in price range. Resource and banking industry shares also added negatively to

Wed, 23 Nov 2011 14:02:16 GMT

Thomas Cook shares recover after decline

Shares of travel company Thomas Cook experienced a dramatic decline yesterday after it started negotiations about increasing the amount of loans. Thomas Cook explained that the company was affected by demonstrations in Egypt and Thailand's floods, thus more loans are required. At the moment the company's share price is 12.65 pounds increasing by 24.02%.

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