US stocks plunge in line with Euro

Note: This section contains information in English only.
Source: Marketwatch

On Wednesday US shares closed down for a third consecutive day as investors dumped gold and euro amid European debt fears. Moreover, euro breached the psychological $1.3 level. Dow Jones Industrial Average lost 1.1% or 131.46 points to 11,823.48, while Nasdaq Composite Index fell 1.6% reaching 2,539.31. S&P 500 Index edged down 1.1% or 13.91 points to 1,211.82.

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Thu, 15 Dec 2011 08:32:19 GMT

Dollar index slightly down on Thursday

The Dollar index, measuring the US dollar against a bundle of 6 other currencies traded 80.502 in Asia trade compared to 80.538 during North American evening trade on Wednesday. European common currency succeeded to regain small fraction of value lost against the Greenback on Wednesday, climbing $1.2986 to $1.2991 in New York afternoon trade. EUR/USD currently is trading at $1.2995.

Thu, 15 Dec 2011 07:32:56 GMT

FDI falls in China

In November foreign direct investment (FDI) in China dropped on annual basis, the first time since 2009. According to Ministry of Commerce, FDI lost 9.8% to $8.76 bn, after gaining 8.8% in October. Liu Li-Gang, economist at Australia & New Zealand Banking Group Ltd., suggests the policy makers may be forced to lower further the reserve requirements in December. 

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