China likely to cut rates

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Source: Marketwatch
© Scanpix/AP

Chinese manufacturing production and fixed asset investment growth slowed down more than predicted in November, said National Bureau of Statistics. Factory production for November added annual 12.4% compared with expected figure between 12.8% and 12.5%. Fixed asset investment gained 24.5% from January to November. Analysts expect the data may stimulate Chinese officials to raise a question of further policy easing.

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Fri, 09 Dec 2011 10:19:37 GMT

Italian bonds decline on worries EU officials efforts will be insufficient

Italy's notes fell amid concern European leaders will not be able to provide solution how to solve region's debt crisis. 10-year bonds dropped for a third consecutive day after officials said European Stability Mechanism will not receive a banking certificate that would permit to bolster its firepower. Italian 10-year borrowing costs added 13 b.p. t0 6.59% in London morning trade. 

Fri, 09 Dec 2011 12:46:16 GMT

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