Asian stocks decline on Japan's trade deficit

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Source: Bloomberg
Asian stocks declined, with the regional benchmark index falling from a 3-month high, amid European leaders meeting this week to discuss the bailout package for Greece and after Japan showed a wider than expected trade deficit. The MSCI Asia Pacific Index fell 0.5% to 120.64. Japan's Nikkei 225 Stock Average slid 0.3%, while Australia's S&P/ASX 200 Index declined 0.2%. 
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Wed, 22 Aug 2012 08:58:52 GMT

US stocks declined ahead of FOMC minutes

US stocks dropped on Tuesday despite positive news from the Eurozone. Spain sold short-term debt with lower yields on Tuesday. Moreover, experts predict that the ECB will soon announce measures to ease debt pressure in the region.  Meanwhile, traders remained cautious ahead of the FOMC minutes release due on Wednesday. The S&P 500 Index slid 0.35% to close at 1,413.17.

Wed, 22 Aug 2012 13:17:09 GMT

Indian CPI continue to decelerate

Consumer price index in India rose at the slowest pace in four months in July, said the Central Statistical Office on Tuesday.  Nation's CPI increased by 9.86 per cent from a previous year, after jumping 9.93% in June.  In the meanwhile, the Indian Central bank left the benchmark interest rate unchanged in the previous month in order to prevent inflation risks.

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