Asia Markets Rise On China News, Europe Markets Less Robust
China loan levels and money supply reached unexpected highs in December. It is a sign that local banks are pushing liquidity into the market to keep the second largest economy in the world in rapid expansion. It is also a sign…
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China loan levels and money supply reached unexpected highs in December. It is a sign that local banks are pushing liquidity into the market to keep the second largest economy in the world in rapid expansion. It is also a sign that the central government is not concerned about inflation
The Hang Seng jumped up 1.47% to 18,866. The Shanghai Composite’s improvement was better–up 2.88% to 2,332. The Shanghai index has lost more than a third of its value in the last year.
In Europe, the FTSE 100 was down .22% to 5,637. The DAX 30 fell .51% to 6,026, and may test the 6,000 level.
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