Australia's ASX 200 recovers on Wednesday

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Source: Dukascopy Bank
Australian S&P/ASX 200 index rallied on Wednesday, inspired by Apple profits and positive Euro Zone economic statistics. Australian benchmark index gained 1.12% or 47.10 points and closed at 4,271.30, supported by the financial and property stocks on the upside. Westpac Banking Corp. climbed 3.5%, Commonwealth Bank of Australia surged 2.4% and National Australia Bank Ltd. improved by 2%. Real estate companies Westfield Group Australia and CFS Retail Property Trust added 2.8% and 1.5% respectively. 

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Wed, 25 Jan 2012 16:27:16 GMT

Nikkei 225 index rallies on Wednesday on weaker Yen

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Wed, 25 Jan 2012 16:19:02 GMT

UK GDP drops in 4th quarter

UK Gross Domestic Product contracted in the last quarter of 2011, reported National Statistics office. According to data, British GDP slipped 0.2% compared to third quarter last year. Analysts earlier predicted a drop equal to 0.1%. Construction output lost 0.5%, hotels restaurants and distribution gained 0.7%, while finance and business services added 2.1%. State and other service sector advanced 2.5%. 

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