European markets climb higher on Thursday

Note: This section contains information in English only.
Source: Marketwatch
European shares ended Thursday session on positive note as banks kept collecting gains from ECB second loan program implemented on Wednesday. However improvement was limited as data showed US manufacturing expanded slower than expected. Stoxx Europe 600 index and FTSE 100 index each added 1%, while German DAX and French CAC 40 index each surged 1.3%. 
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Fri, 02 Mar 2012 07:52:21 GMT

US manufacturing grew less than predicted in February

Manufacturing in US expanded less than expected last month as number of orders fell. The ISM index of US production declined from 54.1 in the first month of 2012 to 52.4 in February. Economists predicted the index to climb to 54.6. Although there are clear signs the economy is growing, the data are anxious as consumers have endured concerns regarding job

Fri, 02 Mar 2012 07:36:00 GMT

US spending and personal income advanced in January

US spending added 0.2% in January after remaining flat in December while personal income climbed 0.3% compared to 0.5% in last month of 2011, said Commerce Department on Thursday. Economists questioned by Marketwatch predicted both indicators to advance 0.4%. Spending on durable goods surged 0.9% while that on non durable items soared 0.4%. Spending on services stayed flat. 

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