Stock market gains in the US offset weaknesses elsewhere

Stock market gains in the United States offset weakness in other developed markets during February, writes Jon Ihle.

10th March, 2013

Stock market gains in the United States offset weakness in other developed markets during February as an inconclusive Italian election and poor growth prospects in the eurozone dampened the mood of investors, according to figures compiled by S&P Dow Jones Indices.

Investors overlooked looming budget cuts in Washington and tepid GDP numbers to boost US stocks by 1.06 per cent last month, limiting global declines to just 0.08 per cent. Stock buyers chased...

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