US stocks finish down on lower than predicted GDP data

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Source: Marketwatch
US shares ended lower on Friday, as US reported 2.8% growth in GDP instead of expected 3.0%. S&P 500 Index gave up 0.16% or 2.10 points and finished at 1,316.33, while Dow Jones Industrial Average Index lost 0.58% or 74.17 points, settling at 12,660.46. Meanwhile Nasdaq Composite outperformed its peers and traded 0.4% higher at 2,816.55.
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Mon, 30 Jan 2012 10:18:54 GMT

China's bank announced slower real estate loan growth

The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks saw CNY 1.26 trillion new loans last year as compared to CNY 2.03 trillion in the preceding year. New loans to property market amounted 17.5% of the total new loans

Mon, 30 Jan 2012 09:39:55 GMT

Natixis: Aluminum may average at USD 2,250 per ton this year

Aluminium prices are likely to face modest gains this year and average at USD 2,250 per ton in 2012, reported Natixis Commodity Markets Ltd. However, there may be downward pressure on prices in Q1 of 2012. Despite growing increase in aluminium demand, increasing production kept market in surplus last year, added Natixis. However, taken that many expensive production facilities are

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