Hang Seng increases as number of new loans in China expands

Source: Dukascopy Bank SA
Hong Kong stocks climbed on Thursday, as number of new loans in a local currency increased in China. The Hang Seng Index advanced 0.3%, or 66.71 points, to 22,101.27. Consumer goods and services sectors added the most, rising 1.4% and 0.8%, respectively. Hengan International Group Co Ltd, a hygiene products manufacturer, surged 2.8% to HK$77.60. Furthermore, Tingyi Cayman Islands Holding Corp jumped 2.6% to HK$21.40. China Resources Enterprise Ltd added 2.3% to HK$24.75, supporting growth in basic materials sector, after Moody's upgraded the company's rating to Baa1. Alongside, Lenovo Group Ltd, one of the biggest electronics manufacturers in the world, retreated 5.8% to HK$7.09 amid the decline in the worldwide personal computer sales that decreased 13.9% in the first quarter of 2013.  COSCO Pacific Ltd, a shipping and logistics company, slid 2.6% to HK$10.56. China Life Insurance Co Ltd followed with a 1.7% fall to close at HK$20.60, capping further gains in financial sector.
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Thu, 11 Apr 2013 15:19:35 GMT

Copper slips for a second straight day on Fed speculation

Copper futures with settlement in three months were lower by 0.4% to $7,541 metric ton in the morning of the London Metal Exchange hours on Thursday. The price declined for s second straight day amid speculation that the Federal Reserve Bank will curb monetary stimulus and that would threat demand in the U.S., which is the second-largest world consumer of the metal.

Thu, 11 Apr 2013 15:08:34 GMT

U.K inflation expectations reach a four-and-half year high

The 10-year break-even norm, an index measuring expectations of the annual expectations, increased to the highest level in previous four-and-half year. It advanced by four basis points to 3.38 percentage points at midday London trading hours on Thursday. The rate gained after the Debt Management Office sold inflation related bonds valued for 1.6 billion Pounds with maturity in 2024.

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