European stocks finish modestly down on Tuesday

Source: Dukascopy
European share markets moved downwards during the session but erased most of losses before closing as Greece said it is close to conclude a debt swap agreement. Stoxx Europe 600 declined 0.27%, UK FTSE 100 edged down 0.03% while German DAX lost 0.16%. In contrast French CAC posted gains, surging 0.18% while Athens General Index jumped 2.2%.
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Wed, 08 Feb 2012 07:56:47 GMT

Papademos postpones his meeting with Greek parties

Greek PM Lucas Papademos decided to postpone the meeting with leaders of Greece's three main political parties for the second time in few days. Instead Papademos prepares to meet so called Troika or ECB, IMF and European Comission to finalize details of measures required to receive EUR 130 billion bailout package. 

Wed, 08 Feb 2012 10:33:51 GMT

Chinese government to support first time home purchasers

People's Bank of China is preparing to ease lending rules for first time house buyers to ensure cheaper house projects. Wei Yao, economist at Societe General admitted the decision is likely to spur private demand in rapidly fading property market. Nevertheless, Yao does not expect softer requirements for developers as the government still fears to fuel speculative demand. 

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