US stocks climb on Greek debt deal

Source: Marketwatch
US stock markets traded higher on Thursday as Greece obtained adequate participation in bond exchange from private creditors. S&P 500 index surged 0.98% or 13.28 points to 1,365.91 while Dow Jones Industrial Average index added 0.55% or 70.61 points and finished at 12,907.94. Nasdaq Composite index soared 1.18% or 34.73 points and settled at 2,970.42.
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Fri, 09 Mar 2012 09:59:03 GMT

China's industrial output missed the forecast

China's industrial output declined during January and February of 2012. Industrial production expanded by 11.4% as compared to FactSet's forecast of 12.4% increase. Retail sales also missed the forecast jumping by 14.7% while experts predicted them to soar by 17.5% in the period during January and February.

Fri, 09 Mar 2012 09:09:51 GMT

Bank of Canada kept the key interest rate unchanged at 1.00%

The Bank of Canada kept its core interest rate at 1.00% for the 12th time in March amid eased concerns over global economic outlook. The decision is in compliance with expectations. The bank's outlook on the Canada's economy has improved but it remained uncertain amid internal strength and global weakness.

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