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14 Feb 2013
Asian markets mostly up on Thursday, European futures down on GDP data
Japan's Nikkei Stock Average (+0.50%), Hong Kong's Hang Seng (+0.82%), China's Shanghai Composite (+0.57%) and South Korea's Kospi (+0.18%) rose like most equity indexes in Asia as investors' mood is up due to New Year. BoJ policy settings were kept unchanged.
Futures for the German DAX 30 (-0.09%) and the French CAC 40 (-0.11%) are signaling a lower opening ahead of the European session, with preliminary GDP Q4 data for both countries already out. In Germany, economic growth might have eased from 0.4% to 0.1% (YoY), below 0.2% consensus, with a quarterly recession of -0.6% (consensus of -0.5%). The quarterly recession in France was of -0.3%.
Futures for the German DAX 30 (-0.09%) and the French CAC 40 (-0.11%) are signaling a lower opening ahead of the European session, with preliminary GDP Q4 data for both countries already out. In Germany, economic growth might have eased from 0.4% to 0.1% (YoY), below 0.2% consensus, with a quarterly recession of -0.6% (consensus of -0.5%). The quarterly recession in France was of -0.3%.