RBA forecasts lower inflation and growth in Australia

Source: Bloomberg
Reserve Bank of Australia (RBA) cut its predictions for consumer price inflation and economic growth this year, giving lawmakers some scope to reduce interest rates in case the Australian economy decelerates rapidly. RBA lowered its annual GDP estimation from 4% to 3.5% and cut expectations for inflation rate from 3.25% to 3.0%. Figures are estimated based on current key interest rate at 4.25%.
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Fri, 10 Feb 2012 08:03:46 GMT

European stocks lifted on Greek hopes

European stock markets closed higher on Thursday as Greece announced it reached consensus on austerity plan. Stocks were also supported by US jobs statistics. Stoxx 600 Europe added 0.2%, while German DAX index gained 0.6%. French CAC 40 advanced 0.4% and FTSE 100 climbed 0.3%. 

Fri, 10 Feb 2012 08:18:41 GMT

India manufacturing output expands less than predicted

India's factory production grew less than expected in December, indicating weaker domestic demand amid global slowdown. The output at India's plants, mines and utilities added 1.8% on yearly basis compared to a 5.9% advance in November. Economists questioned by Bloomberg predicated a 2.6% improvement. 

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