Nikkei 225 index lower on strengthening Yen

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Source: Dukascopy Bank
Japan's Nikkei Stock Average erased early gains and closed into negative area on appreciating Yen amid signs of overbought market. Nikkei 225 index gave up 0.18% or 17.85 points and settled at 9,705.39 with property companies and exporters posting the biggest losses. Mazda Motor Corp declined 3% and Sharp Corp  faded 3.2%. Tokyu Land Corp  tumbled 3.8% and Tokyo Tatemono Co fell 4.2%. On the upside Softbank Corp added 2% after the government provided company with a spectrum license to enlarge its data capacity. 

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Thu, 01 Mar 2012 13:27:33 GMT

Euro Area unemployment rate climbs to 10.7% in January

The jobless rate in the Euro Area accelerated to 10.7% in January compared to 10.6% in December said Eurostat on Thursday. The released figure marks the highest unemployment rate in the region since the enforcement of common currency in 1999. The number of jobless in 17-country region climbed by 185 000 to 16.925 million. 

Thu, 01 Mar 2012 12:51:07 GMT

Hang Seng index down on conflicting manufacturing data

Hong Kong's Hang Seng index declined on Thursday as government and HSBC's estimates of Chinese manufacturing activity differed, raising concerns whether economy expanded or contracted in February amid worries government won't provide monetary easing. Hang Seng index dropped 1.35% or 292.12 points to 21,387.96. Real estates shares and financial shares contributed to the negative side of the index. China Resources

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