Archive for May 12th, 2014

New Overnight Developments Abroad - Daily Update

Asian Equities Rally on Heightened Hopes of Chinese and ECB Support

May 12, 2014

Stocks in the Pacific Rim advanced by 2.4% in Indonesia, 2.2% in China, and 1.8% in Hong Kong.  Japan’s Nikkei slipped 0.4%, but share prices in Europe are up 0.8% in Germany and Italy, 0.4% in Spain, 0.3% in Britain, and 0.2% in Switzerland. Draghi’s press conference remark on Thursday that the Council is comfortable […] More