European stocks fall 11% in 2011

Note: This section contains information in English only.
Source: Marketwatch
European shares experienced slight gains on the last trading day for 2011, but closed with significant yearly losses as European debt crisis hampered the region's economies. Stoxx Europe 600 index added 0.9% to 244.57 on Friday but was down 11.3% for 2011. Germany's DAX 30 index finished the day 0.8% up at 5,898.35 but tumbled 14.7% on yearly basis. UK's FTSE 100 stock index closed 0.1% higher at 5,572.28, however, finished last 12 months with a 5.6% drop. French CAC 40 index had a daily advance of 1%, closing at 3,136.02, though still remaining 17% down for 2011.
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Mon, 02 Jan 2012 09:14:48 GMT

European leaders need to gain time to save Euro

European officials return from Christmas holidays striving for extra time to Italian and Spanish governments to put under control their debts and save the common currency. According to UBS AG debt worth about 157 bn euros ($203 bn) will mature during the first quarter of 2012. By the end of that three-month period officials have to approve stricter rules for monitoring government spending. 

Mon, 02 Jan 2012 07:46:50 GMT

China manufacturing PMI slightly up in December

China's production measure improved in December, indicating that a strike in the country's economy might be stabilizing despite European debt woe which weakens the exports outlook. Purchasing Managers' Index rose to 50.3 in December compared to 49 previous month, said Chinese logistics federation yesterday. In contrast, PMI estimated by HSBC showed an increase from 47.7 to 48.7.

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