Monday, July 15, 2013

China GDP Growth 7.5%, All Markets are Gaining, Chinese stocks is up 1%, Italy is up 0.7%, Spain is up 1%, and Germany is up 0.7%

All investor eyes on China GDP right now, Markets rise as China GDP meets forecasts, Investors are breathing a sigh of relief that the slowdown to 7.5% in the world's second-largest economy was not more severe

Still from Beijing, China's economic miracle gives way, Markets are struggling to cope with Beijing's push for economic rebalancing towards a more domestic focused growth story

Markets are gaining around the world, after Chinese GDP data that came in "in-line" (growth of 7.5%), this providing relief to investors who were worried that the bottom would fall out.

Chinese stocks themselves ended up 1%., Italy is up 0.7%, Spain is up 1%, and Germany is up 0.7%.

Meanwhile from FTSE latest update, Mining and oil stocks underpin FTSE gains, Relief over the latest Chinese GDP figures helped the main London benchmark back over the 6,600-point level it last touched in May

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