Wednesday, January 11, 2012

Global Market Weekly Review, 3 - 6 January 2012

German unemployment fell more than forecast in December as exports of cars and machinery boomed and one of the mildest winters on record helped support jobs in construction. The number of people out of work fell a seasonally adjusted 22,000 to
2.89m. Economists forecast a decline of 10,000. The adjusted jobless rate dropped to 6.8%.

Philippine inflation eased to an 11-month low in December as gains in food and utility costs slowed, boosting scope for an interestrate cut to aid economic growth. Consumer prices rose 4.2% from a year earlier, after a 4.8% increase in November, using 2006 as a base year. The median estimate in a survey of eight economists was for a 4.7% advance. Inflation was 4% using the 2000 series.

Source: ING Funds Berhad

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