Chinese economy weakens on low factory data

Note: This section contains information in English only.
Source: Reuters
Investment, retails sales growth, as well as factory output missed economists' expectations during the first two months of the current year, underlining the necessity of more economic stimulus. Industrial output rose 6.8% during the January and February, showing the slowest expansion since the 2008 year' crisis. Retail sales, in turn, advanced 10.7% and did not reach the economists' forecasts of 11.7%.
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Wed, 11 Mar 2015 20:07:06 GMT

Sterling rose against Euro to highest level since 2007

The Cable continues its bullish tendency versus the Euro, showing the highest gains in eight years. The Pound soared 0.8% to 70.45 pence per Euro, while the single European currency dropped on the ECB decision to start its 1.1 trillion-euro bond-buying programme.

Wed, 11 Mar 2015 19:45:09 GMT

UK manufacturing output plunged by 0.5% mostly on electronics

According to the Office for National Statistics, UK manufacturing production unexpectedly dropped by 0.5% in January, after a 0.1% rise in the preceding month. The decrease in output was mostly affected by slowing electronic sector, which dived 9.5%, posting the biggest monthly fall since 2002. However, over the year, industrial production rose 1.3%.

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