Euro Area PMI drops in February

Note: This section contains information in English only.
Source: Marketwatch
Purchasing Managers Index (PMI), which measures private sector activity unexpectedly declined in February. The index fell from 50.4 in January to 49.7 in February. Economists questioned by Dow Jones Newswires predicted an improvement to 50.8. Service PMI dropped from 50.4 to 49.4 while manufacturing PMI climbed from 48.8 to 49.0. 
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Wed, 22 Feb 2012 14:03:22 GMT

Greek bailout decreases borrowing costs for Italy and Spain

The approval of Greece's rescue package has provided European officials with time to persuade investors they are able to implement both fiscal discipline and growth. Italian and Spain borrowing costs fell on the Greek agreement. Yields for 10-year Spanish notes declined to 5.08% compared to 6.7% in November while Italian 10-year borrowing costs diminished below 5.4% compared to 7.1% in

Wed, 22 Feb 2012 13:50:21 GMT

China plans to raise exports to emerging economies

China is set to increase exports to emerging economies to reduce its vulnerability to shocks in the developed markets, said Zhong Shan, Deputy Minister of Commerce. China will try to raise its exports to 30 countries like India and South Africa. The closer attention will be put to countries with large resources and big populations coupled with important strategic positions,

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