Monday, June 14, 2010

The Global Recovery and Backward Looking Data

The AP details:

Stocks extended cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir climb to a third day Monday following signs that Europe's economy might not be badly hurt by its debt crisis.

The Dow Jones industrial average rose about 80 points in morning trading after rising 312 points in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 past two days.

Major European markets rose following a report that industrial production in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 16 countries that use cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 euro grew more than expected in April. The euro also rose, climbing back above $1.22 for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 first time since June 4.

The production report was encouraging because investors have been concerned that government spending cuts aimed at slashing debt would hurt Europe and slow a global recovery.
Below details what cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 media (and markets) seem to be excited about. My issue? This is backward looking data. Austerity measures, uprisings, and market sell-offs were broadly announced in May and June. These figures are from April.



Source: Eurostat

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