European shares lower on S&P report

Source: Marketwatch

Europe's stocks opened lower on Tuesday after S&P placed 15 euro-area countries on watch negative. Stoxx Europe 600 index lost 0.74% reaching 240.97, Germany's DAX 30 index edged down 1.61% at 6,008.11. French CAC-40 index declined by 0.92% at 3,170.59 and UK's FTSE 100 index dropped by 0.6% to 5,532.98.

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Tue, 06 Dec 2011 10:03:11 GMT

Switzerland's CPI falls in November

Swiss CPI decreased in November for the second moth in line, according to official data. The CPI, main gauge of inflation, dropped by 0.2% last month as compared to 0.1% decline in October, reported the Swiss Federal Statistics Office. Consumer prices declined by 0.5% on annual basis in November and 0.1% in October. Experts previously projected the yearly rate to fall by 0.3%.

Tue, 06 Dec 2011 10:02:07 GMT

China Vanke's sales declined by 36% in November

China Vanke Co, the top property developer in China by the market share, experienced the largest yearly decrease in sales in November signaling the real estate market requires easing of the government's tightening policies. The sales figures indicated a 36% decline last month. The report on lower sales followed China's central bank announcement about essential drop in real estate investments, as well as decline in

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