UK manufacturing growth eased in February

Source: Marketwatch
British manufacturing activity growth modestly cooled in February, showed PMI survey on Thursday. The Purchasing Managers' Index declined to 51.2 in February compared to 52.0 in January. Nevertheless the reading still indicates expansion. Economists questioned by Dow Jones Newswires predicted an index to climb to 52.1. One possible explanation for the decline might be surging oil prices, suggest analysts. 
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Thu, 01 Mar 2012 14:53:49 GMT

Precious metals tumbled after Ben Bernanke's announcement

Precious metals tumbled on Wednesday amid broadly stronger US Dollar and Ben Bernanke's announcement on the recovery of the US economy. Taken better than expected industry and labour market, traders considered these comments as hint that there will not be the next round of the QE in the US. Gold lost more than 84 US Dollars per ounce and broke

Thu, 01 Mar 2012 13:47:56 GMT

Asian stocks finish lower on Thursday

Asian share markets closed lower on Thursday as Chinese government's and HSBC's estimates of nation's manufacturing activity differed, raising concerns whether economy expanded or contracted in February amid worries government won't provide monetary easing. Appreciating Yen also put downward pressure on Asian shares. Australia's S&P/ASX 200 Index fell 1.0%, Hong Kong's Hang Seng Index tumbled 1.4% and Japan's Nikkei Stock Average slipped 0.2%. Shanghai Composite

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