Asian stocks tumbled as China's economy decelerates

Note: This section contains information in English only.
Source: Bloomberg
Soon after the Chinese central bank lowered its forecast for nation's economic growth, Asian markets slipped down, already for a second day in a row. The MSCI Asia Pacific Index tumbled 1.9 per cent to 114.48; Hang Seng Index declined 3 per cent, Shanghai Composite Index erased 1.3 per cent. On the top of that Japan's Nikkei 225 Stock Average dropped by 1.9 per cent, pushing Japanese yen to a 11-year high versus the shared currency.
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Tue, 24 Jul 2012 08:57:31 GMT

Germany, the Netherlands and Luxemburg outlooks turn negative

On Monday, Moody's Investor Service lowered outlooks of Germany, the Netherlands and Luxemburg to the negative level. On the basis of the euro zone downturn Moody's expect those three countries to be bear main financial support and have most cash outflows.

Mon, 23 Jul 2012 16:40:29 GMT

Canadian markets dropped on Monday

Canadian markets were dragged down by grim data out of Eurozone. The S&P/TSX benchmark index erased 1.26 per cent to 11,496, with similar drop on Wall Street. Meanwhile, Canadian economic sectors also turned red on Monday, with decline in metals and mining stocks by 3.5 per cent and 2.12 drop in the materials sector. In currency news, the loonie declined against the American counterpart by 0.33

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