Fitch affirms France's top rating with negative outlook

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Source: RTT News
Triple-A credit rating of France by Fitch Ratings was affirmed on Friday, citing its wealthy economy with stable inflation and strong institutions, however the outlook maintained negative with a more than 50% chance of loosing its top rating in 2013. The country's debt to gross domestic product is forecast to grow to a level of 94% in 2014, indicating the biggest weakness of France's credit rating.

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Fri, 14 Dec 2012 14:36:07 GMT

Eurozone CPI cooled to 2.2% in November

Eurozone inflation cooled as expected to 2.2% in November from 2.5% in October, according to data from Eurostat on Friday. Monthly inflation slowed 0.2%. The decrease is largely attributable to a slowdown in energy prices growth to 5.7% year-on-year from 8%. Core inflation, which excludes energy, food, tobacco and alcohol prices, fell from 1.5% in a month earlier to 1.4%,

Fri, 14 Dec 2012 11:52:48 GMT

China's manufacturing activity expands in December

Manufacturing activity in China picked up its pace in December amid an expansion in new orders, the Markit Economics survey unveiled on Friday. Growth of the HSBC/Markit purchasing managers' index reached its highest level in 14 month-period, when increased from 50.5 in November to 50.9 in December, indicating an expansion with reading above 50 points.

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