Australia's ASX 200 recovers on Wednesday

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Source: Dukascopy Bank
Australian S&P/ASX 200 index rallied on Wednesday, inspired by Apple profits and positive Euro Zone economic statistics. Australian benchmark index gained 1.12% or 47.10 points and closed at 4,271.30, supported by the financial and property stocks on the upside. Westpac Banking Corp. climbed 3.5%, Commonwealth Bank of Australia surged 2.4% and National Australia Bank Ltd. improved by 2%. Real estate companies Westfield Group Australia and CFS Retail Property Trust added 2.8% and 1.5% respectively. 

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Wed, 25 Jan 2012 16:27:16 GMT

Nikkei 225 index rallies on Wednesday on weaker Yen

Japan's Nikkei Stock Average jumped on Wednesday, lifted by weaker Yen which depreciated remarkably on country's first annual trade deficit since 1980. Nikkei 225 rallied 1.12% or 98.36 points and finished at 8,883.69, fuelled by gains in export shares. Honda Motor Co. added 3.8%, Mazda Motor Corp. gained 4.6%, while Sony Corp. jumped 4.8%. Toyota Motor Corp. surged 3% and

Wed, 25 Jan 2012 16:19:02 GMT

UK GDP drops in 4th quarter

UK Gross Domestic Product contracted in the last quarter of 2011, reported National Statistics office. According to data, British GDP slipped 0.2% compared to third quarter last year. Analysts earlier predicted a drop equal to 0.1%. Construction output lost 0.5%, hotels restaurants and distribution gained 0.7%, while finance and business services added 2.1%. State and other service sector advanced 2.5%. 

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