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European recovery hopes help shore up markets

Tuesday's market recovery, suffered huge losses after one day, the new indicators suggest that the euro area 17 countries economic recovery may be the tuyere waves.
A survey of the monetary union manufacturing and services activities increased to 10 months high January. Although this suggests that the economy as a whole could still contract, improve shows that economic recovery may be slowly taking over.
"In January to survey the pace of contraction will slow down, the first quarter, Capital economy (Capital Economics) senior European economists magee weng said:" Jennifer.
Late morning in Europe, the German DAX stock index rose 0.2% to 7653, and the French CAC - index 1.1%, to close at 3699. UK FTSE 100 index 0.6%, to close at 6282.
Spain and Italy's index, this leads to the world market sharply (Monday) because in these two country's political situation concerns, leading to economic recovery. Madrid IBEX was 1.5%, and in milan FTSE MIB rose 1.1%.
Italy in the end of this month's election looks like it may produce a divided parliament, which will make it more difficult to promote the need of economic reform. At the same time, the Spanish government involvement in the corruption scandal, the so-called secret cash payment, in the future prime minister Mali jarno hoy Joe was put forward opinions.
Wall Street is expected to opening, the dow Jones industrial average (0.3% higher than 13887 and broader S&P 500 index futures rose 0.4% to 1499.
The most eye-catching a piece of economic news later will be the institute for supply management non manufacturing survey. Investors keen to see if it shows the positive, Friday's manufacturing report.
In most Asian stock markets fall, their reaction last Monday in Europe and the United States suffered losses.
Area heavyweight, Japan's nikkei 225 index fell 1.9% to 11046.92 since the points, while Hong Kong's hang seng index fell 2.3% to 23148.53.
Australia's S&P/ASX 200 index fell 0.5% to 4882.70. The main market in Asia, the only winner is China's Shanghai composite index, the index rose 0.2% to 2433.13 point.
China's economy is crippled 2008 years since the global financial crisis, the deepest recession, but optimism exercise for, trade and investment is abate, economic recovery may be under threat warning.
An enterprise group, China federation of logistics &purchasing said, the service activity index rose to 56.2 in January from December 56.1. Measure of new orders decline, "the power of the suspect in the service industry's recovery, nomura securities economist said:" ZhiWei zhang in a report.
In other markets, march delivery benchmark crude oil contract up 43 cents to $96.60 a barrel on the New York mercantile exchange electronic trading.



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