Australian Consumer sentiment peaks amid interest rate cuts

Note: This section contains information in English only.
Source: RTTNews
Australian consumer sentiment reached its highest level since April 2011, as central bank's monetary measures since last year's November are starting to boost up the household confidence. The Consumer Sentiment index rallied 5.2% to 104.3 for November on a monthly basis, showing the number of optimists is exceeding the number of pessimists. "We are finally starting to see that the Reserve Bank's 150bps of interest rate cuts is having an impact," said Bill Evans, Chief Economist at Westpac.
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Wed, 14 Nov 2012 10:58:39 GMT

Finland's inflation slows in October

Finland's annualized inflation cooled from 2.7% in September to 2.6% in October, according to Statistics Finland. The figure was in line with economists' expectations.  Consumer prices rose most from the previous year due to increasing transport, food, alcoholic beverages and tobacco prices. Consumer prices grew 0.1% from the last month compared to a 0.2% increase expected by economists. 

Wed, 14 Nov 2012 16:35:45 GMT

China's equities gain on party's meeting

Chinese shares gained on ruling party's meeting to choose the new leaders and hopes for reduced political uncertainty after that. The Shanghai Composite Index advanced 0.3% to 2,053.14, while the CSI 300 Index rose 0.4% to 2,221.62, mostly driven by rising shares of Kangmei Pharmaceutical Co. Another top-performer was Aluminum Corp. of China Ltd, as it rallied 5.1% to 4.97 yuan, reaching the highest level since

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