Switzerland's GDP increases by 0.1% in Q4

Source: Forexfactory
The Switzerland's GDP rose in Q4 of 2011, reported SECO. The GDP expanded by 0.1% on a quarterly basis in Q4, confronting analysts' forecast of a 0.1% fall. The major contributors to the economy's growth were gross fixed investments, trade balance and private consumption. Considering yearly changes, the GDP grew by 1.3% as compared to a 1.1% expected expansion.



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Thu, 01 Mar 2012 12:12:52 GMT

S&P 500 index lower on Wednesday, up for February

S&P 500 index ended lower on Wednesday after Fed chairman Ben Bernake's announcement the job market is far from full recovery and the surge in crude price can bolster inflation. US benchmark index dropped 0.47% or 6.5 points and closed at 1,365.68. Nevertheless S&P 500 has gained 4.1% in February. First Solar tumbled 11% after cutting revenue forecast for 2012.

Thu, 01 Mar 2012 11:41:29 GMT

Australian PMI indicated slower expansion in February

Australia's PMI expanded by 0.3 slower in February as compared to the preceding month, reported Australian Industry Group. The PMI attained 51.3 last month, being mostly led by growth in new orders, essential expansion in transport equipment, footwear and closing sectors. The manufacturers attributed slower expansion of the PMI to weaker demand, import competition, carbon taxes and stronger Australian Dollar.

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