(RTTNews – European shares are top on Tuesday, extending gains the previous session, after strong U.S. data decreased consumer spending fears that the world's largest economy is sliding back into another recession .
Asian stocks are increasing in all areas, with Hong Kong's Hang Seng index leading the gains driven by Chinese banks. Brent crude oil futures were steady above $ 112 a barrel yesterday after U.S. data on consumer spending bodes well for demand for fuel.
The dollar weakened against the yen and the euro as risk appetite improved with strong actions amid speculation that the economic recovery would falter.
Meanwhile, the International Monetary Fund has lowered its growth forecast for the U.S. and the eurozone and urged the Federal Reserve and European Central Bank to be prepared to ease monetary policy, reports Italian news agency ANSA quoted as saying.
According to a draft report of the IMF's World Economic Outlook, hosted by ANSA, USA gross domestic product this year is estimated at 1.6 percent, down from 2. 5 percent expected in June, while the outlook 2012 was reduced to 2 percent from 2.7 percent.
The draft report will be published in September, also forecasts the euro zone economy to grow 1.9 percent this year, slower than the expansion of the 2 percent forecast in June. The euro zone's growth prospects in 2012 fell to 1.4 percent from 1.7 percent.
Closer to home, the Italian government has abandoned plans to introduce a tax on higher incomes and reduced the proposed cuts to funding of local authorities, bowing to pressure from allies and salary income.
In economic reports, the contraction in the services sector in Britain has escalated after an unexpected drop in spending in the accounting, legal and marketing data is displayed. The Confederation of British Industry said turnover fell at its fastest pace in August from November 2009, adding to fears that the economic recovery might fail in the coming months.
In corporate news, British telecom giant Vodafone Group Plc said it has begun talks with Long to explore a potential business combination between Vodafone Greece and private ownership of Wind Hellas Telecommunications SA.
Australian miner Macarthur Coal has endorsed a revised takeover offer for Peabody Energy and ArcelorMittal.
S IMMO AG said its net profit attributable to shareholders in the parents of six months to June rose to 7.3 billion euros from 6.2 million euros in the period last year.
Nanogate AG said it is likely substantially higher than the projected sales of 30 million euros for 2011.
1 2
Читать полностью или написать коммент.. Про установку спутниковых тарелок в Московской областиhttp://tarelka-tv.ru/
Комментариев нет:
Отправить комментарий