Europe

Fitch Downgrades #Italy, European and Asian Markets Keep Rallying

European markets closed up on the strong US non-farm payroll numbers with London up 0.6%, Paris +0.7%, Frankfurt +0.8%. However the market momentum will be tested on Monday as Fitch ratings agency (as anticipated) downgraded Italian sovereign debt. In Asia, Japan’s strong  Q4 GDP powered the Nikkei up 2.6% with Hong Kong up 1.4%, China

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Chinese Markets Down 1%, Japanese and European Markets Trade Sideways

Chinese shares fell 1% in overnight trading as Japanese and Indian markets were flat with rise 0.3% each. European markets remain flat as investors wait for Mario Draghi speech this afternoon on EU Central bank policy. Highlights from Europe for today include: The Bank of England left its benchmark lending rate at 0.5%. German factory orders unexpectedly fall 1.9% in January

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Japan surges 2.1%, Austrialian GDP +3.6% for 2012 and European Markets Hold Steady with Germany Leading the Charge up 1%

In overnight trading Japanese markets had the largest gains with Nikkei rising 2.1%%, Hong Kong up 1%, China up 0.9% and the Indian markets trailing the region with a modest rise of 0.5%. Australian markets were up 0.8% on heels of 3.6% GDP growth for 2012. The best performing developed economy for last year. EU

Japan surges 2.1%, Austrialian GDP +3.6% for 2012 and European Markets Hold Steady with Germany Leading the Charge up 1% Read More »