Asian markets decline on global economic slowdown and commodities losses

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Source: Bloomberg
© Scanpix/FP
The MSCI Asia Pacific Index slipped by 0.5% to 122.02 in the end of Asia trading session on the concerns that global economy slows down and new issues on Europe's credit crisis. Commodities related companies declined, as commodity prices erased this year's gains on speculation that demand will decrease due to the struggling global economy.
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Wed, 24 Oct 2012 12:21:27 GMT

Business confidence in Germany decreased unexpectedly in October

Ifo Institute for Economic research reported on Wednesday that German business confidence declined to the lowest in two-and-a-half years. The Ifo said that its index of business climate fell to a figure of 100.0, compared to a reading of 101.4 in the last month. That was the sixth consecutive decline, and the lowest figure since February 2010. Analysts, however, predicted

Wed, 24 Oct 2012 11:39:41 GMT

European stock markets edge lower on German manufacturing data

The Stoxx Europe 50 index lost 0.05% to 2,476.67 points on early London trading session. European markets slip following yesterday's 1.7% decrease. European benchmark has almost erased its gains since the EU bank announced a bond-purchase program. Stocks show a negative performance, as German manufacturing index was 45.7, which was below analysts' estimations, indicating  manufacturing contraction of the biggest EU

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