Shares in Europe and Asia rose on Tuesday and the dollar strengthened
after China said its economy had not slowed as much as many in markets
had feared.
However, the International Monetary Fund cut its forecast for global growth in 2015 by three-tenths of a percent to 3.5 percent and called on governments and central banks to pursue accommodative monetary policies and reforms.
Oil prices fell further, hit by the prospects of weaker demand in China, the world's second largest economy. But lower oil and rising hopes for more stimulus from the European Central Bank later this week helped lift stocks around the world.
China grew 7.4 percent in 2014, just missing official forecasts of 7.5 percent, and its slowest growth in 24 years. But fourth-quarter expansion held steady at 7.3 percent, down on the previous three months but marginally better than expected.
Read more Click Here / www.trade4x.net
However, the International Monetary Fund cut its forecast for global growth in 2015 by three-tenths of a percent to 3.5 percent and called on governments and central banks to pursue accommodative monetary policies and reforms.
Oil prices fell further, hit by the prospects of weaker demand in China, the world's second largest economy. But lower oil and rising hopes for more stimulus from the European Central Bank later this week helped lift stocks around the world.
China grew 7.4 percent in 2014, just missing official forecasts of 7.5 percent, and its slowest growth in 24 years. But fourth-quarter expansion held steady at 7.3 percent, down on the previous three months but marginally better than expected.
Read more Click Here / www.trade4x.net
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