Chinese exports slows down on euro debt crisis

Note: This section contains information in English only.
Source: Bloomberg
In October China's exports advanced at the mildest pace in two years as Eurozone debt turmoil harmed region's demand putting pressure on Chinese government to stimulate growth.  Overseas shipments increased by 15.9% compared to previous year and trade surplus reached $17 bn lower than all Bloomberg survey estimates. According to Ken Peng BNP Paribas SA economist in Beijing, a further decline in growth rate is expected.

 

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Thu, 10 Nov 2011 08:59:03 GMT

Australia keeps adding jobs despite Eurozone crisis

In October the number of workers in Australia has been increasing for second month. Australia employers added 10100 jobs which is in line with predictions depicted in Bloomberg survey. The unemployment level was 5.2% or 0.1 percentage point lower than expected. According to Brian Redican, Macquarie Group senior economist, Australian economy is experiencing relative stability during last months.

Thu, 10 Nov 2011 14:10:00 GMT

Asian stocks plummet on Italian yields

Asia stock markets descended on Thursday as Italian borrowing rates skyrocketed, rising concerns about the euro area debt crisis. Japan's Nikkei Stock Average lost 2.8%, South Korea's Kospi plunged 3.9% and Hong Kong's Hang Seng Index dropped 4.5%. China's Shanghai Composite gave up 1.1% and Australia's S&P/ASX 200 index fell 2.8%.

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