Nikkei 225 retreats on further turmoil fears

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Source: Dukascopy Bank SA
Japan's Nikkei Stock Average retreated from yesterday's gains and slipped on Tuesday as Spain's financial turmoil amid surging yields worsened the outlook of European economy. Nikkei 225 index fell 0.75% or 65.15 points and closed at 8,655.87. Nomura Holdings fell 0.7% after Reuters reported the firm was not chosen to assist a state sale of its Japan Tobacco Inc stake. Refiner JX Holdings climbed 2.1% after the government decided it will outsource drilling for gas and crude to the company's division. 


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Tue, 19 Jun 2012 11:39:57 GMT

U.K. CPI falls to 2.8% in May

U.K. Office for National Statistics reported on Tuesday that the consumer price inflation slipped to 2.8% in May from April's 3.0%. Analysts, however, expected that CPI would remain unchanged and remain equal to 3.0%. Core CPI, which does not include products like tobacco and alcohol, climbed to 2.2% on a seasonally adjusted basis, whereas it was expected to be 2.3%.

Tue, 19 Jun 2012 11:17:58 GMT

Hang Seng index edges lower on Spanish concerns

Hong Kong's equities declined on Tuesday as Spanish yield accelerated and optimism diminished that Greek election outcome will curb European turmoil. Hang Seng index gave up 0.25% or 48.57 points finishing at 19,385.35. Tsingtao Brewery Co fell 8% after Dow Jones Newswires reported the main shareholder was trading 32 million shares in the company at discount between 4% and 7%.

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