European shares climb sharply on firewall

Note: This section contains information in English only.
Source: Marketwatch
European stocks markets faced a strong session on Friday after finance ministers supported the increase of Euro Zone firewall. Stoxx Europe 600 index added 1% on Friday and closed the quarter with a 7.7% gain. German DAX also climbed 1% on daily basis and has advanced quarterly 17.8%. British FTSE 100 gained 0.5% on Friday and 3.5% for the quarter while French CAC 40 index edged up daily 1.3% and has appreciated 8.4% during last three months. 
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Mon, 02 Apr 2012 06:19:09 GMT

Australia's PMI showed contraction in March

Australian manufacturing activity contracted in March amid firm Australian Dollar and weak global demand. The PMI declined by 1.8 points, attaining 49.5 last month on a seasonally adjusted basis. The major contracting industries were clothing, wood products, furniture and footwear. At the same time transport equipment and machinery indicated expansion.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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