Nikkei 225 erases gains on European anxiety

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Source: Dukascopy Bank SA
Japan's Nikkei Stock Average erased part of yesterday's gains as initial optimism about Spain's bailout request turned into anxiety over deal details. Nikkei 225 dropped 1.02% or 88.18 points and closed at 8,536.72. A slump in oil prices weighed on Japanese oil companies. JX Holdings slipped 3.1% and Inpex Corp ended 0.7% down. Europe concerns pushed the Yen above 100 mark and harmed exporters. Sony Corp fell 2% and Mazda declined 3%. On the upside Japan Tobacco added 2.1%. 

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Tue, 12 Jun 2012 13:34:39 GMT

Manufacturing production in the U.K. dropped 0.7% in April

The U.K. manufacturing production gauge dropped significantly more than it was expected. The U.K. Office for National Statistics reported that the index tumbled 0.7% in April, whereas analysts had expected a slight decline of 0.2%. In March manufacturing production index grew by 0.9%, however, this figure is unrevised yet.

Tue, 12 Jun 2012 10:15:45 GMT

Dow Jones Industrial Average lower ahead of Greek elections

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