Chinese inflation unexpectedly surged in January

Source: Bloomberg
China's consumer prices unexpectedly rose in January, fuelled by spending during week long Lunar New Year holidays. Accelerating inflation limited room for possible monetary easing as European turmoil hampered exports amid cooling property market. Inflation added 4.5% in January, estimated on annual basis. Analysts predicted consumer prices to escalate by 4%. 
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Thu, 09 Feb 2012 07:59:55 GMT

Euro appreciates as Greeks signal end in debt talks

The 17-nation currency strengthened to a 2-month record high as Greek government said Euro Zone's finance ministers will approve the second rescue package. Euro gained 0.2% against US Dollar to USD 1.3281 in Asian trade and added 0.3% against Japanese Yen, climbing to JPY 102.49. Currently EUR/USD is trading at USD 1.3301 while EUR/JPY is trading at JPY 102.64.

Wed, 08 Feb 2012 15:17:32 GMT

DAX index erases some of its gains as ECB and German government express concerns over Greece

German DAX 30 index retreated and climbed 0.7% on Wednesday, lifted mainly by financials. Deutsche Bank AG  added 1.7%, while Commerzbank AG  jumped 8% after its Polish division reported a 46% increase in 4th quarter profit. Car maker Daimler AG advanced 1% ahead of its earnings report due tomorrow. DAX 30 erased some of its gains after ECB said it

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