Asia shares mostly up

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Most of Asian stocks experienced a slight increase as investors expressed positive expectations for progress in tackling European sovereign debt crisis. Hong Kong's Hang Seng Index and Japan's Nikkei Stock Average both added 0.5%, while Australia's S&P/ASX 200 index advanced 1.1%. South Korea's Kospi closed flat and Shanghai Composite index declined 0.9%. 

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Mon, 05 Dec 2011 07:59:01 GMT

European leaders to meet is several summits this week

European officials are going to take another attempt to resolve region's debt turmoil. Key event this week will be the European summit in Brussels that will take place on December 9. Today French President Sarkozy will meet German Chancellor Merkel to align their viewpoints on several issues regarding crisis resolution. Tomorrow Timothy Geithner, Treasury Secretary will meet political leaders but on December 8 ECB will held

Mon, 05 Dec 2011 07:36:54 GMT

Growth services in US may reach a six-month high

Economists expect that service industries in US probably advanced most rapidly since May indicating that country's economy is picking up the pace during last months of 2011. Analysts surveyed by Bloomberg predict the index for non- manufacturing industries to be somewhere between 51.5 and 55. Index above 50 is indication expansion. Economists say US economy is signalling recovery, however, concerns over Eurozone remain. 

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