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Sensex ends flat; Oil & gas, PSU stocks climb (The Hindu Business Line - 29/02/2012)

Indian benchmark indices, the Sensex and the Nifty, ended the session flat on Wednesday due to selling in capital goods, FMCG and bank stocks despite a firm trend in the global markets. Both the Asian and European markets were up on hopes a fresh cash

U.K. Mortgage Approvals Increase In January (RTT News - 29/02/2012)

U.K. mortgage approvals for house purchases increased to 58,728 in January from 55,019 in December, the Bank of England said Wednesday. The January figure was bigger than the consensus forecast of 54,000. Total lending to individuals rose by GBP 1.8

Swiss sentiment index suggests economy bottoming out (Guardian.co.uk - 29/02/2012)

The pressure on the Swiss economy due to sluggish global growth and a strong franc may be easing, its main forward-looking barometer of economic sentiment showed on Wednesday, posting a tiny improvement for the first time since May last year. The index

JSW Steel January production up by 39pct YoY (Steelguru - 29/02/2012)

JSW Steel Ltd reported monthly crude steel production of 805,000 tonnes for January' 2012, with a growth of 39% compared to that of January 2011 and 5% MoM. In January 2012, the production of flat rolled products was at 595,000 tonnes as compared to

Cash rate rises as repo borrowing hits record (The Economic Times - 29/02/2012)

The Indian overnight cash rate rose on Tuesday as banks scrambled for funds to meet requirements in the first week of the new two-week reserves reporting cycle. The one-day call rate closed at 9.10/9.15 percent, up from Monday's close of 8.90/9.00

KL shares close higher (Business Times - 29/02/2012)

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur. The FTSE Bursa Malaysia KLCI Index rose 0.8 per cent to 1,569.65, its highest close since July 15.

European shares set to gain on ECB cheap loans (Reuters - 29/02/2012)

European shares were set to gain at open on Wednesday as investors bet a large number of banks will take up the European Central Bank's three-year cheap loans offering to help improve liquidity in the financial system. At 0704 GMT, futures for Euro STOXX

JGBs gain on month-end buying, stalled equities (Guardian.co.uk - 29/02/2012)

Japanese government bonds ended higher on Wednesday, reversing early losses and pulling the five-year yield to a six-month low, as an equities rally stalled and pension funds bought bonds on the last day of the month. Bonds stayed in negative territory

European Economics Preview: ECB Second LTRO Results In Focus (RTT News - 29/02/2012)

Results of the European Central Bank's second three-year loan offering is set to dominate the scene on Wednesday. At 2.00 am ET, the Federal Statistical Office is slated to issue German import prices for January. Import price annual inflation is forecast

German Unemployment Rate Rises Marginally (RTT News - 29/02/2012)

Unemployment rate in Germany rose modestly in January, data released by the Federal Statistical Office revealed Wednesday. The jobless rate, adjusted for seasonal and irregular effects, was 5.8 percent in January, up from 5.7 percent in December.

GDP growth slows to 6.1% in Q3 (The Hindu Business Line - 29/02/2012)

Indian economy grew 6.1 per cent in the October-December quarter this fiscal, lower than the 6.9 per cent growth recorded in the second quarter, offiical data released today showed. The third quarter economic growth has been bolstered by strong

Hong Kong shares gain; developers drag Shanghai lower (Guardian.co.uk - 29/02/2012)

Hong Kong shares rose on Wednesday as local property issues were buoyed by favourable corporate earnings, with benchmark indices poised for their third-straight monthly gain. Chinese property stocks were weaker, cutting gains in Hong Kong and dragging

India's economic growth weakest in almost 3 years (Guardian.co.uk - 29/02/2012)

India's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. Gross domestic product rose 6.1 percent in October to

Markets trim gains on lower Q3 GDP growth (Business Standard - 29/02/2012)

Markets have trimmed the early gains and have turned volatile post the announcement of Q3 GDP data. The Gross Domestic Product (GDP) for the third quarter of the current financial year saw a slower growth rate at 6.1% as compared to 6.9% in the previous

Nifty surges above 5400; SAIL, ONGC, Bajaj Auto up (The Economic Times - 29/02/2012)

The National Stock Exchange's Nifty extended overnight gains led by realty, metals, oil & gas and power stocks on the back of positive cues from global peers. According to dealers, the market is likely to take cues from Q3 GDP data for direction. The

Government bond yields fall on RBI debt buy offer; GDP data key (Reuters - 29/02/2012)

Indian government bond yields fell in early trade on Wednesday as sentiment perked up after the Reserve Bank of India said it would buy up to 120 billion rupees ($2.4 billion) of debt through open market operations (OMO) this week. At 9:04 a.m. (0334

KL shares bullish at midmorning (Bernama - 29/02/2012)

At 10.30 am today, there were 339 gainers, 195 losers and 267 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,567.27 up 10.54 points, the FBMACE was at 4,686.09 down 3.12 points, and the FBMEmas was at 10,839.36 up 57.46 points.

UK Consumer Confidence Stabilizes Amid Economic Optimism (RTT News - 29/02/2012)

Confidence among British consumers held steady at the highest level since June 2011 as households' assessment of the economy's prospects over the next 12 months improved notably, a survey by research group GfK NOP showed Wednesday. The consumer

German Inflation Unexpectedly Rises In February (RTT News - 29/02/2012)

Germany's inflation based on the EU measure unexpectedly accelerated in February, preliminary data released by the Federal Statistical Office showed Tuesday. The harmonized index of consumer prices rose 2.5 percent year-on-year, following a 2.3 percent

Factory data cloud view on recovery in US (Steelguru - 29/02/2012)

Reuters reported that a strengthening jobs market helped lift US consumer confidence to a one year high this month, but a surprisingly large plunge in orders for some factory goods cast a cloud over signs of increased economic momentum. Other data on

MIIT targets 500000 new energy auto output and sales by 2015 (China Knowledge - 29/02/2012)

China Knowledge reported that China Ministry of Industry and Information Technology has projected that the accumulated new energy auto output and sales in the country would total more than 500,000 units by the end of 2015, the last year of China 12th

Realty, oil & gas stocks push Sensex up 251 points (The Hindu Business Line - 29/02/2012)

Liquidity drove benchmark indices, the Nifty and the Sensex, to a huge gap up opening on Wednesday. The Nifty opened at 5,424.95, up 49 points over its previous close, while the Sensex opened at 1,7920, up 188 points. All the indices on the NSE and the

Japan fund managers raise equity weightings, cut bonds (Guardian.co.uk - 29/02/2012)

Japanese fund managers raised their average equity allocations in February while cutting bond allocations from a record high hit the previous month, a Reuters poll showed on Wednesday, as monetary easing around the globe whet their risk appetite. The

Sensex snaps 4-day slide, gains 285 points (The Economic Times - 29/02/2012)

The BSE Sensex climbed 1.6% on Tuesday, snapping a four-session slide, with banks and automakers leading the rise on expectations for an interest rate cut next month. Fund managers are betting the economy will pick up pace in the coming fiscal that

South Korea Industrial Production -2.0% On Year In January (RTT News - 29/02/2012)

Industrial production in South Korea was down 2.0 percent on year in January, Statistics Korea said on Wednesday - falling into the red for the first time in 31 months. The headline figure was, however, considerably better than forecasts for a

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