Hang Seng rallies on Tuesday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index recovered on Tuesday as EU countries approved fiscal discipline treaty and Japanese data showed higher than expected manufacturing output. Hang Seng index added 1.14% or 230.08 points and closed at 20,390.49, lifted by financials and coal miners. China Shenhua Energy Co. and Yanzhou Coal Mining Co. each added 1.5%, while Agricultural Bank of China Ltd. and Bank of China Ltd. each gained 2.1 and 1.5 respectively. On the downside Angang Steel Co. lost 11% and Maanshan Iron & Steel Co. dropped 7.6% after posting their profit warnings.

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Tue, 31 Jan 2012 14:56:06 GMT

Euro Zone unemployment rate unchanged in December

The jobless rate in the Euro Area was 10.4% last month, unchanged from November, said Eurostat on Tuesday. The reading matched previously made predictions. The number of jobless people in the Euro region increased by 20 000, reaching 16.469 million in December. The unemployment level of 10.4% is the highest figure since January 1999.

Tue, 31 Jan 2012 15:26:00 GMT

Dow Jones trades close to flat

Dow Jones Industrial Average Index extended losses on Monday as investors anticipated news that US consumer spending was unchanged in December amid surging Portuguese borrowing costs. However, the index recovered by the end of session and traded close to flat, edging down 0.05% or 6.74 points at 12,653.72. On the upside blue chip index was supported by Microsoft Corp. and

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