Initial jobless claims increased more than expected in the US

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Source: Forexpros

In US the number of people applied for unemployment benefits jumped more than expected last week. The number of residents, filing the application for jobless benefits reached 381,000, adding 15,000 on a seasonally adjusted basis. Experts predicted the figure to approach 370,000. Despite increase in claims, the figure is still below 400,000, indicating improving situation in the labour market.

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Thu, 29 Dec 2011 14:51:04 GMT

Hong Kong exports slump

The exports of Hong Kong tumbled last month on the lower demand from Europe which is expected to slide further on the negative region's economic outlook. November's exports added 2% on a yearly basis as compared to 11.5% increase in October. Imports increased by 8.8% in November on an annualized rate while October's figure saw 10.9% increase.

Thu, 29 Dec 2011 15:02:56 GMT

Nikkei 225 slightly down by 0.3%

On Thursday Japan's Nikkei Stock Average fell 0.29% or 24.73 points and closed at 8,398.89 as export dependent companies tumbled on European anxiety. Japan's technology exporters were the main losers in Tokyo, affected by the drop in the European common currency against the Japanese Yen. Sharp Corp. declined 3.2%, Casio Computer Co. traded down 2.7% while Advantest Corp. decreased 1.1%. Equities of Elpida Memory Inc. lost

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