Global stocks, dollar rally on hopes for global growth

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Global stocks, dollar rally on hopes for global growth

Post  Achigan on Wed Jan 15, 2014 6:53 am


This good news:

LONDON (Reuters) - Share markets were mostly higher on Wednesday as the World Bank upgraded its outlook for the global economy, while the dollar extended gains in the wake of surprisingly strong U.S. consumer spending figures.

European stocks (.FTEU3) started with a spring in their step too, as confirmation that Germany saw robust growth last year prompted the biggest rise of the year so far for Frankfurt's DAX (.GDAXI).

The German benchmark's near 1 percent gain was complimented by smaller but still significant gains on bourses elsewhere in the region, taking the FTSEurofirst 300 index (.FTEU3) to a fresh 5-1/2 year high. (.EU)

"German consumption turned out to be especially robust last year," said Dekabank economist Andreas Scheuerle. "With the shackles of the sovereign debt crisis being loosened, this year should lead to considerably stronger growth."

Helping the better mood overall, the World Bank upgraded its forecast for global growth this year by two tenths of a point to 3.2 percent, and predicted a faster pace for both 2015 and 2016.

http://finance.yahoo.com/news/asian-stocks-dollar-hopes-global-041505556.html
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Re: Global stocks, dollar rally on hopes for global growth

Post  News Hawk on Wed Jan 15, 2014 8:35 am

There was something wrong with the dollar?

 scratch 


.

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Re: Global stocks, dollar rally on hopes for global growth

Post  News Buzzard on Wed Jan 15, 2014 9:10 am

That's great news, Achigan, thanks! If the US 4th quarter growth does come in at 3.5% it would be the 2nd quarter in a row over 3%. The economy in this country will be improving greatly, despite the Republicans!

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