Aussie and Kiwi decline before European debt auctions

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Source: Bloomberg
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The New Zealand and Australian Dollars weakened on Wednesday erasing two day gains as Italy and Spain prepare to sell domestic bonds tomorrow amid concerns their sovereign ratings may be downgraded. Aussie depreciated 0.3% to $1.0279 against the greenback while Kiwi lost 0.1% to $0.7935. Currently AUD/USD is trading at $1.0302 while NZD/USD is trading at $0.7951.

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Wed, 11 Jan 2012 08:48:02 GMT

Asian stocks show mixed performance on Wednesday

Asian markets mostly expanded on Wednesday led by commodity linked companies as investors continued to foresee China's further monetary easing. Australia's S&P/ASX 200 index added 0.9%, Hong Kong's Hang Seng Index was up 0.1% while Japan's Nikkei Stock Average climbed 0.2%. On the downside were China's Shanghai Composite and South Korea's Kospi, each giving up 0.7% and 0.4% respectively. 

Wed, 11 Jan 2012 07:35:24 GMT

Romney leads in New Hampshire

Mitt Romney paved his position as the main Republican presidential candidate yesterday after he won in the New Hampshire. Romney surpassed his closed rival by 16 percentage votes in New Hampshire. Ron Paul of Texas was second with 23% of the vote followed by Jon Huntsman with 17%. Romney told his supporters his preparing new confrontation against Obama. 

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