German economy narrowed less than predicted in 4th quarter

Source: Bloomberg
Europe's largest economy contracted less than expected in fourth quarter, signalling Germany may avoid crisis despite declining demand across region. German GDP dropped 0.2% in last quarter of 2011 compared to 0.6% growth in the third quarter. Economists questioned by Bloomberg predicted a drop of 0.3%. Meanwhile France's economy unexpectedly in expanded 0.2% in last three months of 2011. 
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Wed, 15 Feb 2012 10:01:28 GMT

Asian stocks rally on China's announcement

Asian markets appreciated sharply on Wednesday as investors anticipated news China may step in and invest in European bailout funds to support its biggest export region. Japanese Nikkei Stock Average rocketed 2.3%, Hong Kong's Hang Seng Index climbed 2.1% and Shanghai Composite Index added 0.9%. South Korean Kospi advanced 1.1% and Australia's S&P/ASX 200 index surged 0.2%.

Wed, 15 Feb 2012 09:23:36 GMT

Oil futures jump on Dollar depreciation

March crude oil futures rallied during Asian electronic trading session on Wednesday, lifted by weaker US Dollar and Chinese officials' announcement Europe is likely to contain its crisis. Crude to be delivered in March rallied 0.81% or USD 0.91 to USD 101.56 per barrel. Meanwhile March gasoline futures climbed 0.64% to USD 3.00 per gallon and same maturity natural gas

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