New Overnight Developments Abroad - Daily Update
Fresh Decline in European Share Prices after Better Tone in Asia
May 17, 2012
Asian markets were supported by the FOMC minutes and Japanese first-quarter GDP. Equities around the Pacific Rim rose 3.1% in The Philippines, 1.7% in Taiwan, 1.5% in China, and 0.9% in Japan. FOMC minutes released Wednesday indicated a preference not to stimulate further yet but a willingness to do so if outlook deteriorates appreciably. Japanese […] More
