A look at economic developments around the world (AP)

A look at economic developments and activity in major stock markets of the world Tuesday:

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Brussels - European officials are locked in a lively debate on the issue - and how - to give more aid to the Greece debt, like a much delayed review the finances of the country draws to a close.

Experts from the European Union, the European Central Bank and Monetary Fund International will probably conclude their review of accounts and austerity program of the Greece in the next 24 to 48 hours, said a European official.

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LONDON - Rose of European stocks on hopes that deal with new aid was taking shape to prevent the Greece by default on its debts and the decline in unemployment in Germany, noted the strength of the largest economy in the euro area.

The index of blue chip German DAX 30 closed 1.8%, then that FTSE 100 Britain increased by 0.8%. It was closed Monday for a holiday. CAC 40 traded France 1.5 per cent higher.

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TOKYO - Asia, the Japanese Nikkei 225 rose 2 per cent of stocks and mainland China shares snap a session of eight losing streak, up 1.4%.

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Frankfurt, Germany - Inflation eased to an annual 2.7 per cent in May to 17 countries that use the euro, according to official figures. Surprise markets but may not be sufficient to avoid that the European Central Bank by its next meeting an increase in interest rates from the signal.

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NICOSIA, Cyprus - agency Fitch ratings cut sovereign Cyprus by three notches and established credit rating warned against a further possible downgrade due to the large exposure its banking sector to the Greece debt problems.

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TOKYO - Rose for the first time in six months in April and industrial production, unemployment rates of the anemic remaining after a Japan decrease record following the earthquake and the tsunami of March.

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TOKYO--Moody's Investors Service has warned that it could downgrade the ratings of sovereign debt of the Japan due to faltering economic growth after the March tsunami disaster and concern on the massive public debt of the country.

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TOKYO - Auto production at the Japan plunged 60.1% in April from the previous year after the earthquake of March and key suppliers parts firm tsunami to the northeast of the Japan.

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Frankfurt, Germany - the Agency the Federal Germany of the work explains the country's unemployment rate fell to 7% in May of 7.3% the previous month.

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Warsaw, Poland - Polish Government data show that the economy has increased by 4.4 per cent in the first quarter of this year over the same period the previous year.

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