INQUIRER.net: US stock market isn’t the only one racing ahead

INQUIRER.net Philippine News for Filipinos

US stock market isn't the only one racing ahead Mar 6th 2013, 04:23 LONDON—US stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall Street's rally.   The advances in some places have been surprising, given paltry levels of economic growth around the world. Britain's FTSE 100, for example, enjoyed its best January since 1989 with an increase of more than 6 percent even though the British economy has one foot in another recession.   The FTSE's advances continued in February, despite concerns that the European debt crisis was about to flare again after a messy Italian election and worries that the US was preparing to turn off the monetary taps... Keep on reading: US stock market isn’t the only one racing ahead Media files: stocks1.jpg (image/jpeg)

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