European markets edged lower, led by DAX 30

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Source: Marketwatch
European stocks dropped on Monday, with decrease in German markets. Volkswagen AG fell 2.3 per cent on data, which indicated weakness in Chinese service sector. The Stoxx Europe 600 index gave up 0.5 per cent. The German DAX 30 index lose 1.3 per cent 5,971.85. The French CAC 40 index retreated 0.4 per cent to 2,937.07 and the Spain IBEX 35 index slipped 0.4 per cent to 6,037.70.
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Mon, 04 Jun 2012 18:45:18 GMT

U.S. factory orders tumbled 0.6% in April

U.S. factory orders sank unexpectedly in April, which is a decrease for the second month in a row. U.S. Census Bureau reports that it dropped 0.6%, whereas it was expected that it will gain 0.2%. In March, factory orders declined by 2.1%, which is a revised figure from previously reported 1.9%.

Mon, 04 Jun 2012 18:23:18 GMT

South Korea plans to reinforce economic development

Bakn Jae Wan, South Korea's Finance Minister, has announced that the country will concentrate on reinforcing economic development as well as ensure state funding for small enterprises and exporters to strengthen their presence. The government is attempting to maintain the progress South Korea has experienced during the past year. However, due to the deteriorated situation in China and fears of Greece's exit out of the

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