U.S. durable goods advance in January

Source: RTT News
U.S. durable goods rose notably above economists' expectations in the last month of 2012, together with transportation equipment orders which increased by 11.9% in the same month, the Commerce Department reported on Monday. The report showed a 4.6% rise of durable goods orders in December following a November's 0.7% jump, while economists forecast a 1.6% jump.

Stock prices were changed after the report was released.
"Stocks are strong. The next point that needs to be addressed is that stocks are very extended in the short term and a light-volume pullback would do wonders to restore the health of this rally," said Adam Sarhan, chief executive of New York-based Sarhan Capital.
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Mon, 28 Jan 2013 15:52:09 GMT

Japan output to grow faster in 2013

Japan's government upwardly revised it's gross domestic product growth for the fiscal year starting April 2013 as the new Prime Minister Shinzo Abe presented his monetary policy measures in order to end deflation and boost the economy, the report by the Cabinet Office showed on Monday. The report estimates the economy to rise 2.5%, a higher figure than 1.7% estimated

Mon, 28 Jan 2013 12:21:04 GMT

Japanese shares halt their last week's gains

Japanese Stocks dropped, dragging down the Nikkei 225 index from its longest stretch of gains since 1970, as Fanuc Corporation and Advantest Corporation retreated on rising concerns about their profits. The Nikkei 225 declined 0.9% to 10,824.31. Eight out of ten groups in the index edged lower. Fanuc erased 7% to 13,550 yen after the company lowered its earnings outlook

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