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Base metals supported by Greek bailout dael
Wed, 22 Feb 2012 16:55:00 GMT
 
Industry metals soared on Tuesday after EU leaders finally agreed on the extended Greek bailout package. However, the gains were limited due to weak China's demand. Traders also await China's >>
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Precious metals rallied on the Greek bailout deal
Wed, 22 Feb 2012 16:54:41 GMT
 
Precious metals rallied on Tuesday after international lenders reached an agreement on the Greek bailout. Broadly weaker US Dollar and successful bond sales both provided additional support for precious metals >>
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DAX 30 index down on worse than expected PMI data
Wed, 22 Feb 2012 16:14:42 GMT
 
German DAX index extended losses on Wednesday as investors kept worrying Greece may struggle to implement tough austerity measures. Moreover, Euro Zone PMI dropped to 49.7 instead of expected increase >>
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Coffee's outlook changes to negative on the expected oversupply
Wed, 22 Feb 2012 16:01:03 GMT
 
Grain commodities faced some losses after Tuesday's rally as news as stronger China's demand for US grain exports appeared to create short-living momentum. At the same time, sugar and coffee >>
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FTSE 100 index lower on Greece downgrade
Wed, 22 Feb 2012 15:59:56 GMT
 
British FTSE 100 index maintained downward trend on Wednesday as Euro Zone Purchasing Manger Index unexpectedly fell in February, renewing worries about recession risk and Fitch Ratings downgraded Greece from >>
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S&P 500 slightly up after holiday
Wed, 22 Feb 2012 15:41:45 GMT
 
S&P 500 index traded almost flat on Tuesday as investors returned from holiday. US stock index climbed 0.07% or 0.98 points and finished at 1,362.21 supported by oil shares. Marathon >>
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Nikkei 225 index rallies on depreciating Yen
Wed, 22 Feb 2012 14:59:17 GMT
 
Japan's Nikkei Stock Average ended higher on Wednesday, lifted by sharp depreciation of Yen against greenback. Nikkei 225 gained 0.97% or 91.60 points and settled at 9,554.62 with exporters posting >>
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Dow Jones Industrial Average modestly up on Tuesday
Wed, 22 Feb 2012 14:38:38 GMT
 
Dow Jones Industrial Average index finished slightly higher on Tuesday supported by approved Greek debt deal, though investors remained cautions about country's long term outlook. Blue chip index added 0.12% >>
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Hang Seng index 0.3% higher on property shares
Wed, 22 Feb 2012 14:15:50 GMT
 
Hong Kong's Hang Seng index finished modestly higher on Wednesday Hang Seng index added 0.33% or 70.56 points and closed at 21,549.28 led by property companies. China Overseas Land & >>
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Greek bailout decreases borrowing costs for Italy and Spain
Wed, 22 Feb 2012 14:03:22 GMT
 
The approval of Greece's rescue package has provided European officials with time to persuade investors they are able to implement both fiscal discipline and growth. Italian and Spain borrowing costs >>
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China plans to raise exports to emerging economies
Wed, 22 Feb 2012 13:50:21 GMT
 
China is set to increase exports to emerging economies to reduce its vulnerability to shocks in the developed markets, said Zhong Shan, Deputy Minister of Commerce. China will try to >>
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Euro Area PMI drops in February
Wed, 22 Feb 2012 13:35:42 GMT
 
Purchasing Managers Index (PMI), which measures private sector activity unexpectedly declined in February. The index fell from 50.4 in January to 49.7 in February. Economists questioned by Dow Jones Newswires >>
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Japanese supermarket sales faced 1.2% drop in January
Wed, 22 Feb 2012 12:49:55 GMT
 
Japan's sales in the supermarkets decreased by 1.2% in January on a yearly basis, approaching JPY 1.125 trillion. The sales posted sixth yearly fall this month, reported the industry group. >>
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Gold flat on the cautious markets after Greece deal
Wed, 22 Feb 2012 12:20:55 GMT
 
Gold prices were almost unchanged on Wednesday as speculation that the sum of the Greek rescue package is not enough to stabilize Greece's economy undermined investors' confidence. COMEX gold April >>
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Western Australia plans to set up sovereign wealth fund
Wed, 22 Feb 2012 11:22:24 GMT
 
Western Australia plans to launch a state-owned investment fund in an attempt to invest profits from mining boom. The state, which is the owner of large mineral deposits, faced sharp >>
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