Asian markets extend losses on Tuesday trade

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Source: Marketwatch
Asian stock markets experienced a decline on Tuesday, as South Korean shares fluctuated and Chinese stocks dropped amid worries about country's economic outlook. South Korea's Kospi erased early gains and closed 0.6% or 11.1 points down at 1,845.11. China's Shanghai Composite lost 0.45% or 10.5 points down at 2,179.02, while Nikkei Stock Average gave up 0.41% or 34.2 points at 8,445.05. Markets in Hong Kong and in Australia were closed for holidays.

 

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Tue, 27 Dec 2011 07:44:16 GMT

US stocks rise ahead of holidays

US stock markets attempted to extend a rally ahead of Christmas holidays with all major indexes closing higher. On Friday Dow Jones Industrial Average gained 1% or 124.35 points and finished at 12,294. S&P 500 Index climbed 0.9% or 11.33 points reaching 1,265.33 while Nasdaq Composite Index advanced 0.7% or 19.19 points to 2,618.64.

Fri, 23 Dec 2011 16:39:17 GMT

Personal spending escalates less than predicted

Consumer spending grew less than expected in November as salaries decreased first time in last three months, indicating US recovery might not be as fast as previously estimated. Economists surveyed by Bloomberg forecast spending increase between 0.2% and 0.6%. Personal income added 0.1% in November. Drop in wages harmed growth in spending, said Yelena Shulyatyeva, BNP Pariba's economist in New York.

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