BOOM: Markets Are Off To A Dynamite Start In 2012


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US markets start the year tomorrow, but Europe wasn’t bothered by the fact that New Year’s Day fell on a Sunday, thus depriving the people of a proper day off.So the trading began today.

The big gainer? Germany’s DAX index, which gained over 3%. A strong German manufacturing number helped out.

Also, manufacturing data out of India and China also helped.

On the debt side of things, the Italian 10-year moved below 7% again, which is nice.

Short-term rates continue to fall in Europe as well.


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