Asian equities fall for the fourth day

Source: Bloomberg
© scanpix/reuters

Asian stocks fell for the fourth straight day on financial firms, a drop in Australian business confidence and economic slowdown in China. The MSCI Asia Pacific Index slid 0.7% to 199.94, resulting in a quarterly decline of 2.1%. Japan's Nikkei 225 stock average lost 0.3% today, after earlier surge of 0.5% on yen's appreciation.The Hang Seng index also slumped 0.1% as Chinese shares in Hong Kong city were sold off.

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Tue, 13 Nov 2012 13:50:14 GMT

German economic sentiment slids on the eurozone crisis

German economic sentiment dropped unexpectedly in November, since the eurozone crisis caused a contraction in Europe's most powerful economy. According to data provided by the ZEW Center for European Economic research, the index tracking expectations of investors and analysts tumbled to -15.7 in November, considerably lower than the forecast reading of -9.8, from -11.5 the prior month. ZEW said the weakened sentiment occurred on shrinking private

Tue, 13 Nov 2012 15:02:48 GMT

Inflation in Portugal declined last month

On Tuesday, Portuguese data showed that the country's harmonized consumer inflation slowed considerably last month. Year over year, consumer prices in Portugal advanced by 2.1% in October compared to a 2.9% inflation in the preceding month. On a monthly basis, the index slowed down to 0.1% from a reading of 0.4% in September.

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