While you were sleeping European stocks advance

Mon, 17 Feb 2014

By Margreet Dietz Feb 18 (BusinessDesk) – European stocks climbed as Chinese credit data provided reason for optimism about the outlook for the world’s second-largest economy. Commodities including silver and copper also gained, as the US dollar weakened amid expectations the Federal Reserve won’t need to raise interest rates any time soon with data that have recently surprised more on the downside, than the upside. China’s new credit climbed to a record in January, with aggregate financing rising to 2.58 trillion yuan (US$425 billion) last...

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