China's growth to be above 7.5% in the first half of 2012

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Source: Reuters
China's economy is likely to expand at faster annual rate than 7.5% expected in the first half of the year; however, the downside risk still persists. Experts surveyed by Reuters predicted China's GDP to grow by 7.9% in the first half of 2012 and full year expansion to achieve 8.2%. The growth pace is in compliance with government's target but policymakers have to response quicker to prevent further slowdown, said Zhu Hongren, Ministry of Industry and Information.

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Wed, 27 Jun 2012 14:38:20 GMT

Italy's bond yields rose after auction

Italy's costs of borrowing advanced at six-month sovereign bond auction on Wednesday. Investors were cautious head of the EU summit due to start on Thursday. Italy sold the targeted amount of 9.00 million Euros of six-month bonds with average yield of 2.957% as compared to 2.104% at auction conducted in December 2011. Meanwhile, 10-year bond yield fell from 6.18% to

Wed, 27 Jun 2012 16:40:20 GMT

German DAX gains on fertilizer company K+S AG

German DAX index edged higher on Wednesday supported by fertilizer giant K+S AG. Nevertheless, investors stayed cautious ahead of upcoming EU summit due Thursday. K+S AG rallied 3.0% after Bank of America Merrill Lynch raised the company from underperform to buy. Utility firm E.ON AG gained 2.2% after HSBC upgraded the shares from neutral to overweight. Meanwhile HSBC reduced Infineon

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