Eurozone PMI shrinks more in December

Note: This section contains information in English only.
Source: Reuters
Activity among factories in the Eurozone fell more than expected in the last month of 2012 as new orders declined, purchasing manager's surveys in the 17-nation bloc showed on Wednesday, pointing out a contrast to signs of recovery in China. Markit's Eurozone Manufacturing Purchasing Manager's Index dropped from 46.2 in November to December's 46.1. while in China the PMI stood at its seven-month high of 50.6.
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Wed, 02 Jan 2013 15:36:51 GMT

Australian stocks at their 19-months high on U.S. budget deal

Australian equities advanced to their highest level in 19 months on January 1, as U.S. lawmakers made a budget deal to avert spending cuts and tax hikes. Gains in Australian shares were mostly led by top miners, as U.S. budget deal erased concerns on possible recession in the nation's economy. The S&P/ASX 200 index rose 1.23%, or 56.99 points, to

Wed, 02 Jan 2013 14:31:53 GMT

Australian Dollar trades near the weakest point in one month on U.S. budget struggle

The Aussie almost touched the bottom, falling versus majority of 16 major peers, as U.S. policymakers could not find agreement to avert "fiscal cliff", reducing demand for riskier assets. The Australian currency bought $1.0399, yet it is predicted that the Aussie might advance toward $1.07 by the middle of the year, before touching $1.01 by the end of 2012.

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