European markets open higher prior to ECB announcement

Note: This section contains information in English only.
Source: Marketwatch
On Wednesday European markets opened up ahead of ECB report about three year loan results on speculation fresh cash will be flooded into tumbling Euro Zone. Stoxx Europe 600 index gained 0.8% at 240.41, whereas French CAC 40 index jumped 1% reaching 5,463.22. FTSE 100 index climbed 0.8% attaining 5,462.90 and German DAX 30 index added 1% at 5,907.63.
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Wed, 21 Dec 2011 10:24:20 GMT

Foreigners move to China seeking jobs

Shanghai's population of overseas and foreign Chinese is the second biggest in the country. About 27.3% of foreign Chinese arrived to the city seeking better job opportunities, reported the municipal statistics bureau. The trend of the overseas Chinese coming to large cities for long-term employment is likely to expand further given expected growth of the local economy, said Sun Haode director of the labor and

Wed, 21 Dec 2011 10:17:17 GMT

European banks may gain access to ECB money

ECB is set to provide Euro Zone banks with cheap financing. Today ECB will offer its three year loans. European banks are going to ask for around €293 bn ($384 bn), predict economists surveyed by Bloomberg. The cash will be offered at average ECB benchmark rate of 1%. ECB is attempting to provide banks with low-priced money for medium term, so that financials can continue

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