Spanish Unemployment Comes In Worse Than Expected | ||
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The number of unemployed workers in Spain rose by 79,200 in October, which is worse than the expected increase of 73,000. Join the conversation about this story »  | ||
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Japan's Stocks Explode On QE News | ||
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Japanese stocks soared early Tuesday on Friday's surprise news that Bank of Japan was expanding its monetary easing policy. The Nikkei closed up 2.73% after passing 17,000, the first time in seven years. Hong Kong's Hang Seng is also in the green right now, up 0.04%. After the Friday announcement the Nikkei closed up 4.83%. The Nikkei has made an incredible comeback. During the mid-October sell-off, it was the worst-performing stock index of any advanced economy, down 10% from January. As of Tuesday's close, it's up 5.11% in 2014, so far. The Financial Times quotes analysts at Nomura, who said: “The BoJ’s decision can be seen as an indication of a stronger commitment to the 2 per cent inflation target than we had previously thought, and also of the BoJ’s determination to act decisively and proactively in order to achieve this target.” Join the conversation about this story »  | ||
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