Stock markets in Europe and Asia Wednesday clashed in the middle of mounting hopes that China will soon announce a major stimulus package to limit the duration and depth of the recession in industrialized countries.A meeting of Parliament on Thursday in China and at the top of the agenda, what the government can do to the growth in the wake of the global economic downturn. As one of the few major countries still in the growth, China is aware of in the middle of the request and hopes that trade may be the world of the global economic downturn worst in decades.
Chinese side, in advance Wednesday, with the Shanghai index to skip more than 6 per cent to close 2198.11.
"Of course not so uncommon, that investors are too optimistic in relation to what is determined by the legislature. They believe that the government is spending only about the economy," said Peng Yunliang, analyst at Shanghai Securities in Shanghai.
Elsewhere in Asia, Japan Nikkei 225 population average 61.24 points or 0.9 percent to 7290.96, while Hong Kong Hang Seng added 297.27, or 2.5 percent to 12,331.15. Kospi in South Korea rose 3.3 percent to 1059.26.
The markets in Singapore, Taiwan and New Zealand also acquired. Australia index shed 1.6 percent.
In Europe, the British FTSE 100 shares recovered from at least six years, climbing 66.42 points or 1.9 percent to 3578.51, while Germany the DAX rose 99.38 points or 2.7 percent to 3790.10. The CAC-40 in France was 54.05 points, or 2.1 percent more than 2608.60.
U.S. refers to the future is open for most of Wall Street Wednesday. Dow term by 119 or 1.8 per cent for 6788 and the largest Standard & Poor's 500 long-term purchased 14 / 3, or 2.1 percent to 704th After a turbulent Dow closed Tuesday to 6726.02, its lowest level since April 1997 in the vicinity, while the S & P is 696.33, 52 percent below their summit meeting in October 2007.
Despite the upturn on Wednesday in the World, which is always in a setting that nervous before Thursday the decisions of the European Central Bank interest rates and the Bank of England, on Friday and close to the point of view of the U.S. jobs report February.
"The mood of the markets remains dark, but we must be aware that the extreme emotions and feelings, not, look no basis for any form of support," said Neil Mackinnon, chief economist of ECU Group.
Sense of the world has been suggested this week the news that American International Group Inc., the largest quarterly loss in the history of the company, and HSBC Holdings PLC reduces dividend, and has shown that needs' increase to almost $ 18 billion to shareholders . The warning from Ben Bernanke, chairman of the Federal Reserve of USA, USA May that the banks need more managing the funds for injections of water, not the things.
Increase in crude oil prices in April by the delivery of $ 1.62 to $ 43.27 per barrel on the New York Mercantile Exchange. The contract added 1.50 to $ 41.65 per night.
In currencies, the dollar fell 1.4 percent to 99.35 yen rose, while the euro gained 0.4 percent to $ 1.2504.
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