Friday, 9 March 2012

U.S. and European stocks extended gains into a second session yesterday as a deadline for private bondholders to exchange Greece-issued debt passed with what looked to be adequate participation, removing an obstacle to Greece’s second bailout. The ECB and Bank of England each left key lending rates unchanged at their respective meetings. Asia markets climbed this morning after data showed Chinese inflation cooled slightly and amid optimism for Greece’s crucial debt-swap, with Japanese stocks surging.

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