Asian share markets down on China's growth outlook

Source: Marketwatch
Asian equity markets finished lower on Monday as China lowered its GDP growth forecast for year 2012 from 8% to 7.5%. Hong Kong's Hang Seng Index fell 1.4%, Japan's Nikkei Stock Average slipped 0.8% while China's Shanghai Composite dropped 0.6%. South Korea's Kospi declined 0.9% and Australia's S&P/ASX 200 index faded 0.2%. 




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Mon, 05 Mar 2012 14:02:12 GMT

UK service sector growth slowed in February

British service sector declined in February though the index above 50 showed the economy is expanding. The service Purchasing Managers' Index (PMI) dropped from 56.0 in the first month of the year to 53.8 in February. Nevertheless the service company confidence reached one-year record high amid growing employment across the sector. 

Mon, 05 Mar 2012 13:37:19 GMT

Euro Area PMI declines in February

Euro Zone manufacturing activity index dropped from 50.4 in January to 49.3 last month, lower than preliminary figure of 49.7. German PMI fell to 53.2, reaching two-month low while Italian and Spanish PMI indices slipped to 44.7 and 42.9 respectively, also attaining two-month record lows in February.

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