Hang Seng appreciates ahead of EU summit

Note: This section contains information in English only.
Source: Marketwtch
© Scanpix/AP

Hong Kong's Hang Seng Index gained 1.58% or 298.35 points and closed at 19,240.58 showing increased investor confidence about upcoming European summit. Chinese real estate shares added substantially to index as China Resources Land Ltd. edged up 1.6% and China Overseas Land & Investment added 3%. Resource companies also boosted the index: Aluminum Corp. gained 2.7% while Jiangxi Copper Co surged 3.7%. 

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Wed, 07 Dec 2011 12:58:42 GMT

Germany sells five-year notes

Germany sold 4.09 billion euros of notes maturing in five years with an average 1.11% yield. The Bundesbank, the responsible institution for conducting government's auction, announced it got 8.67 billion euros bids for the notes. The Bundesbank has set aside 910 million euros for secondary market operations made by Finance Agency.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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