For January 12th
0:00 a.m. JPMorgan, revealing their fourth-quarter results, kicks off bank earning season.
3:35 a.m. China’s inflation rate was down slightly with a CPR of 4.1%, down from 4.2%, after a stable inflation rate of 5.4% in 2011.
4:40 a.m. Infosy, India’s second-largest computer software company, reported 33% profits, despite a weak rupee exchange.
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| Today marked the beginning of the Bank Earning Season! |
5:28 a.m. Hong Kong has remained top spot of world’s freest economy according to the Heritage Foundation.
7:58 a.m. India’s industrial output has rebounded with factory output growing 5.9%, turning around from a 4.7% loss the previous month.
8:59 a.m. Nike has agreed a $1million payment for Indonesian workers doing over time; it’s to be spread across the 4,500 workers at a PT Nikomas plant.
9:50 a.m. Energy costs have pushed German inflation up to 2.3%.
10:05 a.m. HRG, owner of Argos and Homebase, has cut its dividend following a sales fall of 8.8%
11:23 a.m. UK industry output fell 0.6% in November, following a downwardly revised 1%.
2:49 p.m. Wrexham market traders rent has been cut by 25% in a bid to help them during a winter slow-down.
3:14 p.m. Ocardo shares are up after a sales growth jump of 22% to 405,700.
3:56 p.m. UK interest rates have been on hold at 0.5% record low!
5:37 p.m. Tesco was disappointed by its UK Christmas trades with its shares tumbling 16%!
5:39 p.m. RBS is to cut 3,500 jobs, coming on top of it’s 2,000 cuts, being split internationally and in the UK.
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