European shares close notably higher on Greek bond deal

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Source: Marketwatch
European equity markets rallied on Thursday amid optimism Greece will conclude its debt swap agreement with the necessary amount of write-offs. Stoxx Europe 600 index gained 1.6%, FTSE 100 index advanced 1.2% and German DAX rocketed 2.5%. French CAC 40 index added 2.5% and Athens General index jumped 3.2%. 
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Fri, 09 Mar 2012 11:30:49 GMT

Asian shares extend gains on Friday

Asian shares kept rallying on Friday as Greece ended its debt restructuring and Japanese Yen depreciated against US Dollar sending export shares higher. Japan's Nikkei Stock Average jumped 1.7%, Hong Kong's Hang Seng Index gained 0.9% and Australia's S&P/ASX 200 index climbed 1%. South Korea's Kospi added 0.9% and China's Shanghai Composite improved 0.8%.

Fri, 09 Mar 2012 13:32:45 GMT

China's inflation rate hit 20-month low in February

China's inflation rate tumbled to 20-month low on the falling food prices. The rate of price index increase approached 3.2% last month as compared to 4.5% in January, reported the NBS. The country's inflation target for the whole 2012 is 4%. The decline in the inflation rate will enable the government to provide fresh stimulus for reviving sluggish economy. 

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