UK production index surges to eight-month record high

Source: Bloomberg
UK production index rallied to eight-month record high during January 2012 and reverted back to expansion as British manufacturing rebounded. The plant gauge climbed from 49.7 in December to 52.1 in January. Economists questioned by Bloomberg predicted the figure to be at 50. The reading below 50 indicates contraction while the figure above means expansion. 
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Wed, 01 Feb 2012 14:40:44 GMT

Won and Rupiah drops on regional expansion worries

Indonesia's Rupiah and South Korean Won depreciated sharply this week as statistics showed economic outlook is worsening in the region. South Korea's exports declined first time since 2010 while several Asian countries including India and Thailand were forced to cut benchmark rates to support growth. The Rupiah lost 0.4% and traded 9,035 per Dollar while South Korea's Won weakened 0.3% to

Wed, 01 Feb 2012 14:40:32 GMT

Nikkei 225 index up on Wednesday, supported by financial stocks

Japan's Nikkei Stock Average closed slightly higher on Wednesday, lifted by financial stocks. Nikkei 225 index gained 0.08% or 7.28 points and finished at 8,809.79. Sumitomo Mitsui Trust Holdings jumped 3.4% and Mitsubishi UFJ Financial Group added 2.9%. All Nippon Airways surged 6.8% after company expanded its expectations for operating profit. Shipping companies also supported the index on the upside,

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