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Markets end 2011 on a losing note; Sensex sinks 284 pts
(The Hindu Business Line - 31/12/2011)

The BSE benchmark Sensex failed to maintain last week’s gains and slipped 284 points due to fresh selling pressure, mainly in refinery, banking, realty, metal and auto counters, in view of persistent capital outflows from foreign funds. The Bombay Stock

HK shares set to rise 0.5 pct, financials up
(Reuters - 31/12/2011)

Hong Kong shares were set to open up 0.5 percent on the last trading of the year, helped largely by financials, in line with other Asian markets and ahead of preliminary data for Chinese factory activity in December. The Hang Seng Index was set to start

India to borrow extra $7.5 billion in bond market
(The Economic Times - 31/12/2011)

India will borrow an additional Rs 400 billion ($7.53 billion) through bonds in the fiscal year that ends in March, the central bank said, roughly in line with market expectations and ending weeks of speculation. However, the central bank also announced

France To Auction EUR7-EUR8 Bln Bonds On January 5
(RTT News - 31/12/2011)

France plans to raise between EUR 7 billion and EUR 8 billion from its first long-term debt auction for 2012, set for next Thursday, the Treasury announced Friday. The agency will issue bonds, known as OATs, for 10, 12, 24 and 30-years maturity. The

Wages log first growth in 11 months
(The Japan Times - 31/12/2011)

Scheduled wages at companies with five or more employees marked their first increase in 11 months in November, averaging ¥245,212, up 0.3 percent over a year earlier, the government said. The rise was led by higher wages, which center on basic salary, at

Few growth options in 2012
(The Japan Times - 31/12/2011)

The sky-high yen and global economic downturn will likely continue to exert downward pressure on the economy in 2012, but domestic demand linked to postdisaster reconstruction work is expected to underpin growth. Japan is stepping up its austerity

US preliminary steel imports down by 10pct in November
(Steelguru - 31/12/2011)

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,107,000 tons of steel in November 2011, down by 10%, including 1,646,000 tons of finished steel (down 13%) vs the October final

Baosteel sale to battery segment takes 34pct market share
(Steelguru - 31/12/2011)

It is learnt from the production, sales and R&D team for battery steel of Baosteel Ltd, since cold rolled steel for battery was put into the market in 2004, the accumulative production and sales has been up to 115,000 tonnes occupying a 33.8% market

U.S. Growth May Accelerate as Europe Shrinks
(Bloomberg - 31/12/2011)

Rising confidence, fewer firings and gains in holiday sales show the U.S. economy is picking up, defying a slowdown in Europe and much of the rest of the world. The divergence will become even starker in 2012 as the world’s largest economy accelerates,

Spain to Cut Spending, Boost Taxes
(Bloomberg - 31/12/2011)

Spanish Prime Minister Mariano Rajoy announced 14.9 billion euros ($19.3 billion) of deficit cuts, with the government’s finances in worse shape than expected and the budget shortfall exceeding European Union forecasts. The deficit this year will reach 8

U.S. Stocks Fall, Leaving S&P 500 Virtually Unchanged for Year
(Bloomberg - 31/12/2011)

U.S. stocks fell, leaving the Standard & Poor’s 500 Index virtually unchanged for the year, as concern over Europe’s debt crisis overshadowed optimism that the American economy will expand in 2012. JPMorgan Chase & Co., the largest U.S. bank by assets,

Mexican stocks end year down 3.8 percent
(Reuters - 31/12/2011)

Mexican stocks ended a year marked by wild swings in the red on Friday. Fears of a widening euro zone debt crisis and a global slowdown pushed stocks down 3.8 percent for the year. With volume low, the IPC stock index fell 0.29 in its final session to

FTSE subdued ahead of New Year celebrations
(Reuters - 31/12/2011)

Britain's leading share index was lower in early deals on Friday, with weakness in banks and commodity issues the main drag on the final half-day trading session of 2011. At 0849 GMT, the FTSE 100 index was down 10.89 points, or 0.2 percent, at 5,555.88,

Nikkei sheds 17 pct in 2011, all eyes on Europe
(Reuters - 31/12/2011)

Japan's leading share average ended higher on Friday but marked a 17 percent loss for 2011, a tumultuous year in which massive natural disasters triggered a nuclear crisis and Europe's debt turmoil drained volumes, leaving investors uncertain of a

S Korean consumer prices up by 4.2pct in Dec
(Steelguru - 31/12/2011)

Yonhap reported that South Korea's consumer prices grew over 4% for a second straight month in December 2011, raising worries that inflation could remain a drag on the nation's economy. According to the report by Statistics Korea, the country's consumer

JISCO Hongxing Steel issues output targets for 2012
(Steelguru - 31/12/2011)

According to Gansu Province-based Chinese steel company Jiugang Steel Group Co in the first eleven months this year the steel outputs of the steelmaking plant and rolling plant of its subsidiary Hongxing Iron & Steel Co totalled 2.18 million tonnes while

Weekly Report: Markets shed 2% in last week of 2011
(Business Standard - 31/12/2011)

India's benchmark share indices ended nearly 2% down in the week to December 30, the last trading week of 2011, weighed down by bank shares on rising worries over asset quality in a slowing economy and selling pressure in Reliance Industries on concerns

Brazilian flat steel exports fell by 59pct YoY in November
(Steelguru - 31/12/2011)

According to the statistics provided by Brazilian Ministry of Development, Industry and Foreign Trade, Brazil's flat steel exports amounted to 106,447 tonnes in November 2011, falling by 59.06% YoY. The revenue generated by these exports came to USD 109

Cash rates end steady as demand slackens
(Reuters - 31/12/2011)

Indian overnight cash rates ended unchanged as demand from banks eased towards the end of the two-week reporting period on Friday. The three-day cash rate closed at unchanged at 8.50/8.60 percent. It touched a high of 9.20 percent in the day. "Demand was

Bonds fall on speculation debt sales will increase
(Bloomberg - 31/12/2011)

Benchmark sovereign bonds fell on speculation the economic slowdown will cut the government's revenue and force it to sell more debt than planned. Finance minister Pranab Mukherjee expanded the annual borrowing programme by 13% in September to a record

HK shares end year down 20 pct, worst fall since 2008 crisis
(Reuters - 31/12/2011)

Hong Kong shares suffered their biggest annual loss since the financial crisis three years ago as mounting fears about China, a global recession and heightened volatility in financial markets trumped cheap valuations. The Hang Seng index finished up 0.2

BSE Sensex logs 1st annual fall in 3 yrs; outlook bleak
(The Economic Times - 31/12/2011)

The BSE Sensex closed 0.6 percent lower on Friday and posted its first annual fall in three years as a combination of near double-digit inflation, high interest rates, slowing domestic growth and policy inaction turned off investors already shaken by

European shares post steepest annual fall in 3 yrs
(Guardian.co.uk - 31/12/2011)

European shares rose on Friday but still recorded their biggest annual drop since the onset of the financial crisis as debt tensions in the euro zone strained the financial sector and threatened to derail a fragile economic recovery. The FTSEurofirst 300

Sensex, Nifty plunge 24% in a ‘terrible' year
(The Hindu Business Line - 31/12/2011)

‘Terrible' and ‘peculiar' is how market-men described calendar 2011. The benchmark indices fell 24 per cent and the Indian market was among the worst performer in the world during the year. The BSE Sensex closed on Friday — the last trading day of 2011 —

China Manufacturing Contraction Eases In December
(RTT News - 31/12/2011)

The contraction in Chinese factory activity eased compared to the previous month, but new orders received by manufacturers continued to decline solidly, the latest survey results from Market Economics showed Friday. The seasonally adjusted purchasing