S&P 500 faces modest gains

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters
On Tuesday benchmark S&P 500 Index traded slightly up, gaining 0.11% or 1.39 points and closed at 1,258.47. Minor index's fluctuations indicate that markets are hesitating ahead of European summit on December 9. On the upside were Metropcs Communications and Federated Investors adding 7.78% and 4.69% respectively. Major downside contrition provided Darden Restaurants as its shares plunged 12.38% after the chain lowered its revenue and sales forecast for 2012.

 

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Wed, 07 Dec 2011 14:11:51 GMT

Industrial production in Germany increased

German industrial production exceeded the forecast after declining for two months in line, according to official data. The country's industrial production rose by 0.8% on a seasonally adjusted basis in October while the experts anticipated only 0.3% increase, said Germany's federal statistical office.

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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