World stocks gain on China stimulus hopes

[Omaha Steve]

Source: AP-Excite

By ELAINE KURTENBACH

TOKYO (AP) - World stock markets mostly rose Friday as expectations grew that China will move to counter its economic slowdown.

European markets opened on an upbeat note, with Britain's FTSE 100 adding 0.4 percent to 6,611.36. Germany's DAX index jumped 0.7 percent to 9,512.57, while France's CAC 40 rose 0.3 percent to 4,393.37.

Futures augured gains on Wall Street. Dow futures rose 0.3 percent to 16,223 and S&P 500 futures gained 0.3 percent to 1,846.70.

In Asia, window dressing ahead of the fiscal year's end helped Japanese shares rebound from early losses after the government reported household spending fell in February, suggesting consumer demand is not rising as much as expected ahead of an April 1 sales tax hike.

FULL story at link.


Read more: http://apnews.excite.com/article/20140328/DACQKF280.html

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A businessman takes an escalator at a building of a business district in Tokyo, Friday, March 28, 2014. Share rose in Asia on Friday, though trading was lackluster as investors watched for moves by China to counter its economic slowdown. (AP Photo/Eugene Hoshiko)

[Nanjing to Seoul]

1. The economic recovery plan in China now is to bolster up with loans they don't even expect to

be repaid all the businesses that the CCP and Beijing feel give it international prestige and intranational face. The business model of this country is a money drain. Most businesses in this country are losing money. . .and most keep at least three books. Their public book, their taxation to the government book and their real book.

People here have been deluded by CCTV every 7:00 PM that the Economic Boom will never bust.

The only thing that will save the Chinese economic is long, overdue correction.

The attitude towards the bosses of big business here are simple: "When they start looking at buying in other countries, start looking for a new job."

[fasttense]

2. What? No Austerity for China? But I thought austerity was the only thing that worked?

"Expectations have been rising for more stimulus in China as growth has slowed to its weakest since the financial crisis."

They want stimulus for China but austerity for everyone else?