Europe's stocks decline on pessimism in the euro-zone

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

European stocks slide lower at the afternoon trading after Germany opposed the reports claiming the probable running of two bailout funds to stimulate regional growth. The Stoxx Europe 600 index lost 0.1% to 241.58, the German DAX 30 index was steady at 6,025.33 and the French CAC 40 index added 0.2% to 3,186.05.

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Wed, 07 Dec 2011 14:22:08 GMT

Airlines will face weak demand

Airlines will face weak demand from the European market in 2012 due to turmoil across the spreading debt-crisis that may pull the industry into losses, reported the International Air Transport Association. The industry income prospects are lowered from $4 billion to $3.5. The losses can amount $8 billion being the highest since 2008 crisis.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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