The chances of a “soft landing” in China seemed more likely yesterday, pushing Eurozone doubts to one side much to Euro ministers’ relief.
EUR/USD strengthened and European debt yields fell giving some much needed respite to the debt stricken countries within the Eurozone.
Successful auctions for both Spanish and EFSF debt also spurred confidence, however Chinas economy grew at its slowest pace for 2 and a half years in Q4 2011.
With the Chinese economy becoming ever more important, especially as countries are relying on Chinese demand for their own growth, any sign of their economy faltering will be taken very seriously.
The World bank warned India and China this morning to expect a global slowdown.
Article by Spreadex.
CFDs, Forex and Financial Spread Trading carry a high level of risk to your capital and can result in losses larger than your initial stake/deposit. These forms of trading may not be suitable for everyone so please ensure you fully understand the risks involved. Where necessary, seek independent financial advice.
This BillionforGovernor.com is only intended for those persons of 18 years of age or older.