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http://sg.news.yahoo.com/chinas-forex-reserves-hit-record-101801102.html
Fri: China's foreign exchange reserves soared to a record $3.1975 trillion at the end of June, the central bank said Tuesday and set to pump in...to pump money into the eurozone's bail-out fund if European leaders can convince it the investment is safe, senior government advisers told the Financial Times, another source told of the cash-injection could possibly top $100 billion (70.5 billion euros).
http://sg.finance.yahoo.com/news/China-set-boost-eurozone-afpsg-1649202837.html?x=0
Li Daokui, an academic member of China's central bank monetary policy committee, told the paper it was in China's " long-term and intrinsic interest to help Europe" , which is the Asian powerhouse's leading trade partner.
Recovery is on going and can take it well into 2012. It's a good start, maintain cautious, as volatility remain.
Thurs. Financial markets greeted the euro zone debt agreement robustly, lead by DAX, +6%.
In anticipation. Investors risk have actually been building up, putting a bit more risk into their portfolios a few weeks ago, after Euro came out to announced their plan with Germany on d driver seat.
The agreement was widely seen as " +ve." Much Uuderlying Problem Remain.
Even if that is forthcoming in a way that pleases markets, underlying problem of euro zone debt has not been dealt with. A lot of the debt exists in PIIGS, within euro zone and in comparison with emerging markets.
teeth53 thot: Nov 3 -- " A lot's left to be discussed at G20," a careful crafted +ve statement by G20 can further stablize Euro zone debts and bank woes.
http://sg.finance.yahoo.com/news/Analysis-Global-risk-rsg-938853416.html?x=0
Many reason remain un-answer, as...Germany has said, this is not a one or even two week to short cut Euro debts and banks woes. No short cut to creating wealth.
DAX is in driver seat, CAC 40 co-drive, n FTSE 100 backup, back by ECB, IMF and G-20. Err...No news from World bank...?.
Taking into account. Statement like. YES - we can do it and on further good news, whatever news appear over next 1-2 week and closing to Dec 25.
It going is as volatile like our mother nature, with better day as each day pass by, as d cloud become clearer.
Bull or bear.?> Oni oneself is fully responsible. Hav profit take some n leave some for others.
Following news can bring more confident to Euro zone 4th Q.
http://sg.finance.yahoo.com/news/Euro-zone-sentiment-eases-rsg-3252386092.html?x=0
(Reuters) - Euro zone economic sentiment eased only marginally in October, data showed on Thursday, raising some hopes the bloc's economy may escape a contraction in the fourth quarter.