Friday, January 18, 2013

Chinese Equities Growth Figures Lift Shares, US Shares Close at Highest in 5 years

The Asian biggest economic market share, Chinese growth figures lift shares, Equities rise across the board after China's economy posts better than expected fourth-quarter growth, breaking a run of seven straight weaker readings

From FTSE 100 latest update, Meggitt leads FTSE 100 after upgrade, The aircraft parts maker looks undervalued compared to its peers according to Barclays analysts, while miners lead a modest overall rebound at sector level

US cattle industry, Cargill to close Texas slaughterhouse, The closure of a large processing plant underlines the effects of the drought on the US cattle industry as the size of herd shrinks and demand falls

Meanwhile, from Wall Street latest update, US shares close at highest in 5 years, Wall Street stocks edge higher even as two of the top US banks, Citi and Bank of America, fall sharply after posting weaker than expected earnings

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