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European equities rally on the first session of 2012
Tue, 03 Jan 2012 07:42:06 GMT
 
Europe's markets experienced a sharp increase on Monday as better-than-predicted German PMI data lifted investor confidence. Stoxx Europe 600 index gained 1.1% and finished at 247.15. German DAX rocketed 3% led by chemicals >>
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US Dollar weakens on improved manufacturing activity
Tue, 03 Jan 2012 07:41:06 GMT
 
The US Dollar depreciated against 15 out of 16 major peers as the increase in industrial activity boosted demand for riskier assets. US currency fell for the fourth straight day against its New >>
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Singapore economy shrinks in the fourth quarter
Tue, 03 Jan 2012 07:40:14 GMT
 
Singapore's economy declined in the 4th quarter, stressing Asian exposure to the debt turmoil in Europe despite manufacturing strengthening in India and China. Country's GDP fell 4.9% on a yearly basis in the >>
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Asian markets rocket led by financials
Tue, 03 Jan 2012 07:39:46 GMT
 
Asian shares rallied on Tuesday fuelled by investor sentiment on improved China's manufacturing activity. Official China PMI data issued on Sunday indicated economy switched from contraction to expansion. Hong Kong's Hang Seng Index added >>
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Europe leaders expected difficulties in 2012
Mon, 02 Jan 2012 16:44:39 GMT
 
European leaders warned that 2012 may be a challenging year as many experts predict the recession to persist. Angela Merkel said the next year would be the 'most severe check in decades' >>
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Iran condemns US sanctions
Mon, 02 Jan 2012 16:43:37 GMT
 
Iranian president announced the bank of Iran is strong enough to overcome the difficulties created by 'enemies' after US President signed a defense bill stipulating that US financial institutions are not permitted to >>
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Copper posts first annual loss in the last three years
Mon, 02 Jan 2012 16:19:26 GMT
 
Copper prices finished 2011 with the annual loss for the first time in the last three years. LME copper price lost more than 20% over the year. Experts blame Euro Zone's economic >>
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Gold to approach $3800 by the end of 2012
Mon, 02 Jan 2012 16:19:17 GMT
 
Precious metals as gold and silver will move higher on the increased money printing as more paper money diminish the currency purchasing power against gold and silver, said Alasdair Macleod, Senior Fellow >>
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Greece: the first strike in 2012
Mon, 02 Jan 2012 16:17:18 GMT
 
Greece's pharmacists and doctors went on first strike this year. Doctors announced they would treat only the most emergency cases till Tuesday, expressing protest to changes in the healthcare provision. Pharmaceuticals protest to >>
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US hiring probably rose in December
Mon, 02 Jan 2012 15:12:01 GMT
 
Hiring in US probably advanced in December extending increase for a second straight month, said economists questioned by Bloomberg. According to median forecast, payrolls soared to 150 000 in December >>
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DAX 30 rallies on the first trading day
Mon, 02 Jan 2012 15:10:58 GMT
 
On Tuesday German stocks led the gains in European markets fuelled by modestly better than expected manufacturing data as German PMI rose from 47.9 in November to 48.4 in December. German DAX opened >>
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German bonds decline on China and India PMI data
Mon, 02 Jan 2012 14:44:46 GMT
 
German sovereign bonds declined on the first trading day in 2012 as India and China reported an increase in Purchasing Manager's Index boosting optimism world economy may stabilize. The borrowing costs on German >>
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Turkish Lira recovers from record lows
Mon, 02 Jan 2012 14:44:28 GMT
 
Turkey's Lira recovered and advanced for a third straight day after it experienced a record low depreciation of 1.9224 per US Dollar last week. Lira ascended 0.4% to 1.8833 per US Dollar. >>
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Euro weakens to 11-year record low against Japanese Yen
Mon, 02 Jan 2012 14:44:17 GMT
 
Euro depreciated against Japanese Yen hitting 11-year record low before recovering on investor fear European debt turmoil will decelerate economic growth and undermine financial markets in 2012. 17-nation currency fell against its Japanese >>
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Dutch manufacturing declines for a fourth straight month
Mon, 02 Jan 2012 14:44:08 GMT
 
Dutch industrial production fell in December extending contraction for a fourth month in a row, said NEVI, Dutch research institute. The manufacturing gauge increased to 46.2 in December, compared to 46.0 in November. >>
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