Financial Markets Gain Although US Growth Misses Expectations

Market sentiment remained bullish although US' 3Q10 GDP growth missed expectations. The set of data did not fail to show that the US is still in the middle of a modest recovery. In the Eurozone, sovereign concerns were soothed again after news reported that China will buy 4 to 5B euro worth of Portuguese debts. While the news was not yet verified by both Chinese and Portuguese officials, this may help alleviate market worries temporarily.

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Financial Markets Gain Although US Growth Misses Expectations