Asian stocks decline on disappointing economic data

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Source: Bloomberg
Asian stocks declined as economic data from the U.S. to China and Australia added to concern the global economic growth is slowing. The MSCI Asia Pacific Index fell 1% to 116.07, setting for a fifth day of decline. Australia's S&P/ASX 200 lost 0.6% and New Zealand's NZX 50 Index fell 0.2%. Japan's Nikkei 225 Stock Average slid 0.8% and South Korea's Kospi Index declined 1.5%.
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Wed, 05 Sep 2012 09:03:29 GMT

Silver surged after weak US PMI data

Precious metals rallied for the third day in a row on Tuesday as weak US manufacturing data stocked hopes that the Fed will ease its monetary policy soon. The US ISM manufacturing PMI contacted to three-year low of 49.6 in August. Gold posted mild gain, balancing between US easing speculation and potential demand slump in India. The Indian government is considering

Wed, 05 Sep 2012 08:32:29 GMT

Aussie at 6-week low as economic growth slows

The Australian Dollar reached the lowest level since July 25 as the nation's economic growth slowed more than expected in the Q2. The Aussie Dollar fell 0.1% to $1.0211 after touching $1.0190 earlier, the weakest since July 25. Australia's Dollar traded at 79.996 Yen, also the lowest since July. The nation's 10-year yield fell 3 basis points to 3.06%.  

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