European Index futures fall on China recession worries

Note: This section contains information in English only.
Source: Bloomberg
European stock-index futures declined, showing the Stoxx Europe 600 Index will retreat from its highest level in about a month, as data indicated Chinese overseas sales and inbound shipments declined more-than-predicted. Euro Stoxx 50 Index futures maturing in September dropped 0.2% to 2,655.
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Wed, 10 Jul 2013 08:52:05 GMT

Pound rises on speculation that sell-off was excessive

The British Pound rebounded from a 3-year low on speculation that recent decline was excessive. The currency dropped yesterday as the data showed that U.K. manufacturing shrank, indicating weakening recovery. The Sterling jumped 0.1% to 1.4881 per U.S. Dollar, while it was virtually unchanged against the Euro and traded at 85.94 pence.

Wed, 10 Jul 2013 08:14:05 GMT

Chinese stocks rally on policy speculations

Stock prices in China rose as investors expect the authorities to support the economy after an unexpected 3.1% slump in exports. The Shanghai Composite Index increased 1.7% to 1,997.87, leaning towards the biggest rise since April 19. The CSI 300 Index jumped 2.1% to 2,208.79, while the Hong Seng China Enterprise Index gained 1.4%.

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