European shares retreat after previous week's rally

Note: This section contains information in English only.
Source: Marketwatch
European stock markets paused on Monday after a rally to eight month record high in previous week. Stoxx Europe 600 index fell 0.12% to 272.07, German DAX slipped 0.05% to 7,154.22 and French CAC 40 index tumbled 0.47% at 3,577.88. UK FTSE 100 index gave up 0.08% and closed at 5,961.11 while Athens General index bucked the negative overall movement and rallied 1.57% to 776.79.
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Tue, 20 Mar 2012 07:38:50 GMT

Euro Zone's current account surplus widened to 4.5 billion Euros in January

The current account surplus of the Euro Zone widened more than initially expected in January, reported the ECB. The Euro Zone's current account surplus widened to 4.5 billion Euros on a seasonally adjusted basis in January as compared to 3.4 billion Euros in December. Experts predicted the indicator to approach 4.3 billion Euros in January.

Tue, 20 Mar 2012 08:05:05 GMT

Australian Dollar drops on concerns about China's slowdown

Australian currency fell on Tuesday amid investor speculations Chinese economic expansion is likely to slow, hampering demand for Australia's exports. Aussie slipped 0.4% versus greenback to USD 1.0567 in Sydney trade and gave up 0.3% against Yen to JPY 88.18. Meanwhile Kiwi dropped 0.3% against US Dollar to USD 0.8238 and edged lower also 0.2% versus Japanese currency to JPY

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