European cost of borrowing rises on Belgian woes

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Source: Marketwatch

Cost of borrowing across the euro-zone has increased as the bailout plan for Belgian bank Dexia SA proved to be infeasible, Belgian newspaper reported. France's 10-bond yield was impacted by the report as France has to provide rescue package for Belgium. France's cost of borrowing increased by 10 basis points to 3.62% while Belgium 10-years bonds yield increased by 17 basis points to 5.21%, FactSet Research informed.

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Wed, 23 Nov 2011 13:54:42 GMT

Hang Seng Index experiences a new decline

On Wednesday Hong Kong's Hang Seng Index extended its decline and dropped by 2.1% closing at 17,864.43 or 387.16 points down compared to Tuesday. The sharp decline was mainly caused by China's disappointing manufacturing survey. PCCW Ltd was among major losers in index, giving up 3.3% after pricing its telecom trust at lowest level in price range. Resource and banking industry shares also added negatively to

Wed, 23 Nov 2011 14:02:52 GMT

UK shares fall on the China's report

Britain's benchmark stock index decreased after the announcement about the decrease in China's manufacturing output; manufacturing purchasing managers index fell to 48 indicating contraction. In UK the FTSE 100 index decreased by 0.8% to 5,166.4 in early trading. Mining UK shares were impacted the most. Rio Tinto PLC declined by 2.3% and Fresnillo PLC dropped by 2%.

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