China gives markets a lift at end of bruising week
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 4:05 am, Friday, February 8, 2013
LONDON (AP) — Markets were ending the week solidly after better-than-expected trade figures from China provided new evidence of an upswing in the world's second-largest economy. [...] elsewhere, the main focus appeared to be Chinese government figures showing the country's exports rose 25 percent in January from a year earlier while imports soared 28 percent. "The sheer weight of new investor money in January combined with an almost irrational disregard to the risks saw equity markets soar," said Rebecca O'Keefe, head of investment at Interactive Investor. "Aso's comment to reporters that the recent pace of yen weakening has been 'too fast' is presumably designed in part to defuse tensions ahead of the G-20 meeting next week," said Julian Jessop, chief global economist at Capital Economics. The new policy approach by the Japanese government has had huge repercussions across foreign exchange markets and has rekindled talk of a global currency war. Reported by SeattlePI.com 5 hours ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 4:05 am, Friday, February 8, 2013
LONDON (AP) — Markets were ending the week solidly after better-than-expected trade figures from China provided new evidence of an upswing in the world's second-largest economy. [...] elsewhere, the main focus appeared to be Chinese government figures showing the country's exports rose 25 percent in January from a year earlier while imports soared 28 percent. "The sheer weight of new investor money in January combined with an almost irrational disregard to the risks saw equity markets soar," said Rebecca O'Keefe, head of investment at Interactive Investor. "Aso's comment to reporters that the recent pace of yen weakening has been 'too fast' is presumably designed in part to defuse tensions ahead of the G-20 meeting next week," said Julian Jessop, chief global economist at Capital Economics. The new policy approach by the Japanese government has had huge repercussions across foreign exchange markets and has rekindled talk of a global currency war. Reported by SeattlePI.com 5 hours ago.