Asian shares advance led by financials

Source: Marketwatch
Asian stock markets rallied on Friday, driven by banks as investors digested positive macroeconomic data from US. Hong Kong's Hang Seng Index added 0.8%,  Shanghai Composite Index jumped 1.4% and Japan's Nikkei Stock Average climbed 0.7%. South Korea's Kospi improved by 0.2% and Australia's S&P/ASX 200 index gained 0.4%. 
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Fri, 02 Mar 2012 11:21:36 GMT

S&P 500 index climbs led by financial stocks

S&P 500 index finished higher on Thursday, supported by financials on news Greek plan to restructure its debt should not affect any bond insurance payments yet. US index gained 0.62% or 8.41 points and closed at 1,374.09. Goldman Sachs rallied 5.2% after lender agreed to buy Ariel Holdings Ltd insurance business. Morgan Stanley gained 3.5% and Citigroup Inc added 2.4%.

Fri, 02 Mar 2012 10:42:19 GMT

EU accelerated funding for permanent bailout fund

European officials agreed to supply the capital faster to the permanent Euro firewall in order to strengthen region against debt woe. Euro governments are likely to provide first two yearly installments into rescue fund in 2012 and finish the capital injection in 2015 or a year earlier than was planned. The decision comes as a response to IMF and world leaders' pressure

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