Switzerland: UBS Consumption Indicator slides to 1.18 in January

The Swiss UBS consumption indicator dropped slightly to 1.18 in January from 1.32 registered the previous month, according to data released today by UBS.

Feb 27, 2013

Asian markets improve but Japan's Nikkei extends fall

Japan's Nikkei Stock Average fell again today, by -1.27%, as investors almost confirm Kuroda as new BoJ Governor, after Japan’s opposition party (DPJ) announcing their support. Italy's political stalemate is hurting global sentiment. However, most Asian equity indexes edged higher on Wednesday: Mainland China's Shanghai Composite (+0.76%), South Korea's Kospi (+0.20%), Hong Kong's Hang Seng (+0.16%).

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Feb 27, 2013

Forex Flash: EUR/USD may rebound near term - Commerzbank

Commerzbank analysts believe there may be a near term rebound ahead of further losses after yesterday's reluctance in breaking below 1.3000 and ‘doji’. “Overhead lies a band of resistance at 1.3293/1.3335. This is the location of the 55 day ma, the previous 3 month uptrend and an accelerated downtrend – while capped here the market will remain directly offered”, wrote analyst Karen Jones.

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