China's PMI expanded in January

Source: China.org.cn
China's manufacturing activity grew last month, with the PMI expanding to 50.5 as compared to 50.3 in the preceding month. The figure was above the expectations of 48, reported the National Bureau of Statistics. The increase signalled more stability in the economic development in the country and may stimulate further policy easing. The major contributors to the expansion in the PMI were increased industry output and growing new orders.
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Thu, 02 Feb 2012 12:11:55 GMT

China increases purchase price for rise for 2012

China plans to increase the minimum rice purchase price this year to stimulate farmers to increase grain output. The minimum Indica rice purchase price will be raised to USD 16.01 per 50 kg, reported the National Development and Reform Commission.  At the same time, the Japonica rice purchase price will be raised to USD 22.18 per 50 kg.

Thu, 02 Feb 2012 12:03:28 GMT

US stocks recover on manufacturing data

US equities markets surged on Wednesday, lifted by improvements in world wide manufacturing data. S&P 500 Index gained 0.89% or 11.68 points and closed at 1,324.09. Dow Jones Industrial Average Index added 0.66% or 83.55 points and finished at 12,716.46 while Nasdaq Composite advanced 1.22% or 34.43 points to 2,848.27.

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