China's stocks slip the most in four weeks

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Shanghai Composite Index lost 0.9% value to 2,114.5 points in the end of Asia trading session. That was the sharpest decrease since 26th of September, as investors were concerned on the domestic economic and earnings outlook. Tomorrow will be released a HSBC manufacturing PMI report, which will indicate the business situation. Last month's index was 47.9, shrinking for an 11th consecutive month.
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Tue, 23 Oct 2012 10:56:47 GMT

Spain's economy contracts for a fifth quarter

Spain's gross domestic product contracted by 0.4% from the previous three months, according to the Bank of Spain monthly estimation announced today in Madrid. Last week European leaders failed to agree on additional help for Spain, as borrowing costs are high and complicating Prime Minister Rajoy's efforts to trim budget deficit, which is exceeding the EU limit three times.

Tue, 23 Oct 2012 10:34:39 GMT

Pound higher versus Euro before mortgage approvals

On Tuesday, the British Pound retreated from a 4-month low versus the Euro, before a report, which is widely expected to show an increase in U.K. mortgage approvals for the third month in a row. The Sterling gained 0.2%, with the 17-nation currency being traded at GBP0.8141 by 8:04 a.m. in London.

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