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Published: Tuesday 17 September, 2013

online clothes shopping online clothes shopping ?Asian stock markets up as US consumers spend despite tax hikes

BANGKOK Disappointing news about Germanys economy sent Asian stock markets down on Friday.

Europes biggest economy contracted a worsethanexpected 0.6 per cent in the last quarter of 2012 as recession deepened across the 17 European Union countries that use the euro. It was Germanys worst performance since early 2009, amid a global recession.

The worry for European policymakers is that output is declining beyond weaker, debtladen economies like Greece and Spain. France, Europes secondbiggest economy, also saw output drop.

A number of analysts have been online clothes shopping making the case for quite some time now that the worst in Europe is probably behind us; however the steepness of the contractions . appears to have given markets pause, said Michael Hewson of CMC Markets in an email commentary.

The slowdown in Europe was gloomy news for Asia, which depend on exports to the online clothes shopping region to help drive their economies.

Japans Nikkei 225 index fell 0.9 per cent to 11,207.93. Hong Kongs Hang Seng dropped 0.1 per cent to 23,400.28. South Koreas Kospi was nearly unchanged at 1,979.84. Australias S 200 flatlined at 5,036.90. Benchmarks in Singapore and New Zealand also fell. Mainland China and Taiwan were closed for Lunar New Year holidays.

The Dow Jones industrial average fell 0.1 per cent to 13,973.39. The S 500 index edged up 0.1 per cent to 1,521.38. The Nasdaq composite rose less than 0.1 per cent to 3,198.66.

Benchmark oil for March delivery was up 10 cents to $97.41 per barrel in electronic trading on the New York Mer online clothes shopping cantile Exchange. The contract rose 30 cents to finish at $97.31 per barrel on the Nymex on Thursday. online clothes shopping