WORLD STOCKS SURGE; DOW MAY BREAK ALL TIME HIGH

by
March 5, 2013

AMSTERDAM (AP) — World stocks rose Tuesday, and the Dow index was set to open within striking distance of its all-time high, after better than expected European economic data and China, the world’s second largest economy, pledged to meet its growth targets.

At China’s ruling Communist Party’s annual congress, outgoing Premier Wen Jiabao said the government would spend what it needs to meet the economic growth target of 7.5 percent enshrined in the latest five-year development plan.

“Asian stocks are very much on the front foot, buoyed by expectations of continuing (easy central bank monetary policies) around the globe and China maintaining its economic growth target for the year,” said analysts from Charles Stanley in a note on markets.

European markets, including bond prices, were buoyed by a sharp rise in eurozone retail sales. They grew 1.2 percent in January from the previous month, far above the 0.2 percent investors were expecting. Economists said the gain was likely fueled by post-holiday discounts and warned consumer spending is unlikely to remain that strong in coming months.

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.