Merkel and Sarkozy respond to S&P move

Note: This section contains information in English only.
Source: Bloomberg
French President Sarkozy and German Chancellor Merkel released a joint statement yesterday saying they respect and take into account S&P decision. Nevertheless, both leaders insisted that tighter fiscal alliance and stricter control of national budgets and economic policies will promote financial stability growth across the region.

 

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Tue, 06 Dec 2011 12:00:33 GMT

Japan's Nikkei 225 declines on investor fears about Europe's downgrading

Japan's Nikkei Stock Average lost 1.39% or 120.82 points on Tuesday and closed at 8,575.16 amid worries created by Standard & Poor's that European countries may face downgrading. Most Japanese financials weighted down on the index as Nomura Holdings Inc. and Mizuho Financial Group Inc. both traded down 1.9%. Metal-sector companies also contributed to Nikkei 225 depreciation as Sumitomo Metal Mining declined 1.8% while JFE Holdings

Tue, 06 Dec 2011 10:07:29 GMT

Swiss franc lower after CPI release

Swiss franc edged down against the greenback following the data on more than expected fall in the country's CPI. The CPI fell by 0.5% annualized rate in November as compared to expected 0.3%. At the moment the pair USD/CHF is trading at 0.9271, or 0.7% up.

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