Chinese stocks recover while Japanese decline

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Source: Marketwatch
Shares on China and Shanghai recovered on Thursday as investors anticipated news that China may cut reserve requirement ratio for lenders. Japanese markets experienced a decline as technology stocks made a weak performance. Hong Hong's Hang Seng index gained 0.4%, while South Korea's Kospi and Shanghai Composite each gained 0.3%. On the downside were Japan's Nikkei Stock Average dropping 0.7% and Australia's S&P/ASX 200 giving up 1.1%.
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Thu, 05 Jan 2012 07:01:55 GMT

France: Households' consumption fell 0.1% in November

France's household expenditure on goods declined by 0.1% seasonally adjusted in November after 0.1% rise in October. The demand for durables increased by 1.5% mostly due to 3.2% increase in car purchases while the consumption of textile goods and energy products tumbled 2.1% and 0.5%, respectively.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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