FTSE rises 1.28 percent at close (AFP)
LONDON (AFP) – Key stock markets rose noticeably on Tuesday, as traders reacted to positive Chinese data and company earnings updates, while also keeping an anxious eye on Greek debt problems. London’s FTSE 100 index of leading shares gained 1.28 percent to end the day at 6,018.89 points.
China’s trade surplus swells in April
May 10, 2011 by Kay Murchie The Customs Agency has today reported a rise in China’s exports, growing by 29.9% in April on an annual basis to $155.7 billion. However, exports outperformed imports, which grew by 21.8% on an annual basis in April to $144.3 billion.
TSX lower amid strong Chinese data; Microsoft buys Skype for US$8.5 billion
TORONTO - Energy and mining stocks led the way to a lower session on the Toronto stock market Tuesday as commodity prices failed to respond to positive economic data from China . The S&P/TSX composite index slipped 25.89 points to 13,651.24 while the TSX Venture Exchange added 3.71 points to 2,123.45.
Canadian exports poised to become the backbone of Canada’s economy: EDC
OTTAWA - Canada’s key export sector is poised to once again become the backbone of the economy, especially if companies can exploit emerging markets, says the government agency devoted to foreign sales. Export Development Canada’s latest forecast says exporters are well under way to recovering the massive losses sustained during the recession, which hurt the sector more than any other.
What do analysts say about the commodities crash?
After commodities investors rushed for exits last week, analysts at different brokerages are taking stock of what led to the frenzy and what lies ahead. The sharp fall on Thursday highlighted concerns that have bothered market participants for some time, including the negative impact on consumption of high commodities prices, especially for oil; a slowing in the pace of U.S. economic recovery; and relative softness in China’s import demand for key commodities, such as copper and soybeans, analysts at Barclays Capital said in a note to clients.
India to grow at 8% in 2011: IMF
The IMF today again revised downwards the country’s growth outlook for 2011 to around 8%Â on the back of high inflation and overall global economic outlook, clouded by rising commodity prices led by oil. “As new downside risks have emerged across the globe, and particularly in Asia Pacific economies with many of them overheating, we revise downwards our growth for the region and also for India, where we see the growth momentum decelerating this fiscal to around 8%,” said IMF director, Asia Pacific department, Anoop Singh
Symax Lift wins $1.84 M purchase order for elevators
VANCOUVER - Symax Lift (Holding) Co. Ltd. (TSXV:SYL), a Vancouver developer and maker of elevators and escalators with manufacturing operations in China , says it has won a purchase order for 77 elevators valued at C$1.84 million.
German exports surge to record high in March
May 9, 2011 by Kay Murchie Statistics office Destatis has today revealed German exports rose to a record high in March, driving its trade surplus up. Exports rose 7.3% in March on a monthly basis to €98.3 billion (£87 billion), while imports also rose to a record high, by 3.1% on a monthly basis, to €79.4 billion. A statement said: “That was the highest monthly figure recorded for both exports and imports since the collection of foreign trade statistics had started in the Federal Republic of Germany in 1950.” Germany is the world’s second largest exporter after China and export demand helped to bring Germany out of recession in the second quarter of 2009 – much sooner than many of its counterparts throughout the world.
FTSE down 0.47% at open (AFP)
hartboyz wrote: “National Protest Day June11, 2010” I think everyone should stay at home nationwide, and refuse to drive to work or anywhere this day to show President Obama, Wall Street, Congess, and “Big OIL” we are tired of being ‘RIPPED OFF” If we can do this as a nation, 3 things will happen.1 1.