European shares close mostly higher on Friday

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Source: Marketwatch
European stocks edged slightly higher on Friday supported by financials and resource sectors while weighed down by auto makers. FTSE 100 added 0.4%, German DAX climbed 0.2% and French CAC 40 index gained 0.4%. Last week marked the biggest rally since the beginning of February with Stoxx 600 Europe adding 2.6% on weekly basis. 
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Mon, 19 Mar 2012 07:24:35 GMT

US industrial production steady in February

The industrial production in the US stayed unchanged in February, reported the Federal Reserve. The industrial production was at the same level as last month compared to a 0.4% expansion in January. Experts predicted the industrial output to advance by 0.4% in February.

Mon, 19 Mar 2012 08:51:38 GMT

Euro appreciates against Yen on expected financial firewall stimulation

17-nation currency climbed against Japanese Yen after German Chancellor Merkel said European leaders have considered combining Euro Zone rescue funds in order to back common financial firewall. Euro appreciated versus Japanese currency to JPY 110.15 in Asian trading hours. Currently EUR/JPY is trading at JPY 109.82.

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