ECB annuls Greek debt's treatment

Note: This section contains information in English only.
Source: Reuters
The European Central Bank renounced its agreement of Greek bonds instead for funding, implying that Athens' Central Bank is obliged to support its lenders unless it approves a new reform. The decision was taken after a meeting of Greece's new Finance Minister Yanis Varoufakis with ECB President Mario Draghi, which will be implemented starting from February 11. 
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Fri, 06 Feb 2015 08:22:03 GMT

German factory orders soared in December

German factory orders recovered and increased at a faster-than-expected pace in December, posting signs that Europe's biggest economy is recovering. Factory orders grew 4.2 % in December, much faster than economists' expectations for a 1.5 % increase. Meanwhile, in November, orders declined 2.4%, posting the same rate of losses as in October.

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Japanese shares showed a decline while ECB acts

Japanese stocks declined since investors are analyzing corporate earnings while the European Central Bank concentrated on Greece's bailout. Therefore, the Topix index lost 0.2% to traded at 1,413.60  while the Nikkei 225 Stock Average declined 0.7% to 17,548.40. Meanwhile, the US shares fell as well, after the ECB curbed Greek banks loans, deepening fears over Euro zone's instability. 

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