Chinese manufacturing slows down further

Note: This section contains information in English only.
Source: Marketwatch

In December China Purchasing Managers' Index dropped to 48.7, compared to preliminary reading of 49.0, said HSBC who issued the survey. Level below 50 is indicating contraction. The survey showed the weakest reading on a quarterly basis since 2009. Although speed of slowdown is alleviating, weakening exports demand is harming the growth, said Hongbin Qu, HSBC economist. 

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Fri, 30 Dec 2011 08:45:48 GMT

US pending house sales surge to 19-month high

US pending home sales increased essentially in November, approaching 19-month high. The pending home sales index jumped by 7.3% last month while analysts expected only 1.5% increase, reported the National Association of Realtors. The jump may be a result of delayed transactions, said Lawrence Yun, chief economist. After the release of data, USD advanced against the Euro and the pair EUR/USD was traded at 1.2928,

Fri, 30 Dec 2011 08:36:27 GMT

Asian stocks recover on last trading session for 2011

On Friday Asian markets managed partly recover from previous days' losses and traded higher on the last trading session in 2011. Japan's Nikkei Stock Average and Hong Kong's Hang Seng Index each gained 0.5%, while China's Shanghai Composite advanced 0.9%. Only Australia's S&P/ASX 200 index extended losses and was down 0.4%. Markets in South Korea were shut for a holiday.

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