Panasonic loss forecast leads Asian stocks to fall

Source: Bloomberg
© Scanpix/reuters

Asian stocks tumbled after Panasonic Corp. plunged 19%, reaching its biggest drop since 1974. The MSCI Asia Pacific Index declined 0.3% to 121.67. The index showed a 0.4% drop in September after the majority of companies posted lower than expected corporate earnings.  South Korea's Kospi index fell 0.7%, and Taiwan's Taiex index plunged 0.3%.

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Thu, 01 Nov 2012 10:05:06 GMT

European stock futures drop prior to U.S. report release

European stock futures dropped on concerns about the upcoming U.S. report, as it might show a slowdown in manufacturing growth. Futures on the Euro Stoxx 50 maturing in December fell 0.5 % to 2,942, as data on China's manufacturing improved. The futures of the U.K.'s FTSE Index slid about 0.1%. S&P's 500 Index Futures erased 0.4 %. The Stoxx 600 has been rising for five

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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