European Stocks Shake Off China Rate Hike, Close Higher

February 8th, 2011
in econ_news

Econintersect:  Most European bourses struggled in the early going Tuesday, presumably in reaction to China's surprise rate hike to fight inflation.  But, by the close, seven of nine major markets that were open were up for the day.

Follow up:

All gains were 0.7% or less, with Vienna and London having the largest gains.  Nordic markets were the weakest with Oslo (-0.4%) and Stockholm (-0.7%) being the only two bourses with negative results for the day.  

Source:  Yahoo Finance and GEI News  

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