From the daily archives: Tuesday, January 17, 2012

Asian Stocks Rally On China Data

On January 17, 2012 By

Asian stocks rallied on Tuesday as a batch of better-than-expected Chinese economic data raised optimism the nation would avoid a hard landing.

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European shares are seen opening higher on Tuesday, extending the previous session’s gains, as investors shrug off the downgrade of EFSF and turn the focus on a raft of data released from China.

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Indian Shares Rally On Global Cues

On January 17, 2012 By

Indian shares rallied on Tuesday, mirroring firm Asian cues after French borrowing costs fell at a debt auction yesterday and China’s fourth quarter domestic product data indicated the nation may avoid a hard landing.

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Extending the upward trend seen in recent weeks, stocks have shown a notable move to the upside in early trading on Tuesday. The major averages have climbed firmly into positive territory, with the Dow and the S&P 500 reaching new five-month highs.

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