Wednesday, January 20, 2010

Markets React to China's GDP

BEIJING (Reuters) - China's economy finished 2009 with a flourish as a 10.7 percent year-on-year increase in fourth-quarter GDP took full-year growth to 8.7 percent, easily surpassing Beijing's 8 percent target. >>READ
This news is bearish for equities...expect continued selling in market Thursday. As I type the US Dollar ($USD) is trading @ 78.522.

Wednesday's selling was due to expectations on China's tightening credit and applying economic restraints...most expected a rally off the senatorial election in Massachusetts.

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