Where is details on World markets climb as Chinas exports improve (AP)?
European markets followed Asian stocks higher Friday as a big improvement in China’s exports pointed to rising global demand that could lift other trade-reliant economies. Meanwhile, investors awaited U.S. retail sales data, expected to be the day’s main market mover. In morning European trading, Britain’s FTSE 100 was 1 percent higher at 5,297.76, Germany’s DAX added 1.1 percent to 5,770.02 and France’s CAC 40 gained 0.8 percent to 3,830.29. Benchmarks in Tokyo and Hong Kong led Asia’s gains, snapping a string of losses that had reflected worries about shaky government finances in the West and a tepid economic recovery in the U.S. Wall Street was set to open higher. Dow Jones industrial average futures rose 0.5 percent to 10,397 and Standard & Poor’s 500 futures grew 0.6 percent to 1,103.80. Providing reassurance for investors was news that China’s November exports were down only 1.2 percent from a year earlier, the smallest decline this year, as nascent recoveries in the U.S. and oth
European and U.S. markets rose modestly Friday after retail sales data showed American consumers are picking up their spending — a key ingredient for economic recovery ahead of the holiday season. European indexes had earlier risen strongly after Asian stocks strengthened on a big improvement in China’s exports that pointed to rising global demand that could lift other trade-reliant economies. Britain’s FTSE 100 closed 0.3 percent higher at 5,261.57, Germany’s DAX added 0.8 percent to 5,756.29 and France’s CAC 40 gained 0.1 percent to 3,803.72. In midday trading in New York, the Dow Jones industrial average index advanced 0.2 percent to 10,430.01 and the Standard & Poor’s 500 index grew 0.1 percent to 1,102.92. Earlier gains were trimmed as the dollar strengthened. Sources: http://news.yahoo.
AP – European markets followed Asian stocks higher Friday as a big improvement in China’s exports pointed to rising global demand that could lift other trade-reliant economies. Meanwhile, investors awaited U.S. retail sales data, expected to be the day’s main market mover. » Full Story on Yahoo! News Sources: http://news.yahoo.
