China continues its tightening policy

Note: This section contains information in English only.
Source: China.oorg.cn
© Scanpix/Reuters
The People's Bank of China announced continuation of its prudent monetary policy aimed at slowing down exorbitant GDP growth and decreasing inflation rate. GDP in Q3 grew only by 9.1% as compared to more than 10% in previous years. CPI also went up only by 5.5% being the lowest since May. At the same the bank is ready to fine tune its monetary policy if needed.
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Thu, 17 Nov 2011 13:31:22 GMT

UK stocks fell

Britain benchmark stock index dropped after Fitch Ratings announcement that US banks may be impacted by Eurozone debt crisis. The FTSE index fell by 1.1% in early trading. UK bank shares slipped; Lloyds Banking Group went down by 3.5%5 and Royal Bank of Scotland lost 2.4%. Other stock markets in Europe also decreased.

Thu, 17 Nov 2011 12:16:05 GMT

UK consumer confidence declines

In October consumer confidence in UK dropped reaching a 7-years low on citizens' concerns regarding surge in employment and deepening Euro debt crisis. The sentiment index fell 9 points reaching 36, the least since 2004. Consumer expectation measure lost 14 points to 48, a new record low. According to BOE Governor, Mervyn King, the downward pressure on sentiment index arises from weakened outlook for UK

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