Asian stocks advance; Euro weakens

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Source: Reuters
Asian shares extended their gains on Friday, being that the European Central Bank announcement to buy EUR60 billion worth of bonds on a monthly basis boosted investors' risk appetite, pushing bonds higher but keeping the Euro near 11-year lows. Japan's Nikkei added 1%. Australian and South Korean indices also showed strong growth.  
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Fri, 23 Jan 2015 13:53:03 GMT

Chinese factory growth strengthens raising deflation pressures

China's manufacturing showed zero growth for the second month. As a result, the companies had to lower the prices more to remain competitive, and this is raising concerns regarding deflationary pressures in the economy. The manufacturing PMI stayed near 50 at 49.8 level in January.

Fri, 23 Jan 2015 13:31:05 GMT

Chinese manufacturing gauge advances aided by stimulus plan

The manufacturing index rebounded in January, as implemented stimulus measures managed to support stabilisation of the Chinese economy. The PMI was at the 49.8 level, outperforming the mean forecast of 49.5. Meanwhile, China's GDP strengthened 7.4% in 2014, the slowest yearly rate in 24 years.

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