Stocks in central and eastern Europe pared their recent slump, on possible news of rescue package for Ireland and reduced concern about China’s anti-inflation measures. Russia and Hungary led the gains, rising by 1.2 per cent and 2.2 per cent respectively. CEE currencies were up against the dollar.

Peter Westin, chief strategist at Aton Llc in Miscow, said: “The Chinese government provided more information on its intentions for price controls. This has likely eased some of the tension and uncertainty surrounding equity markets in the past week.” Continue reading »

Asian stocks rebounded from their six-day slump on reduced fears over China’s anti-inflation policies. Indices in Hong Kong, South Korea and Thailand saw the biggest gains, with Malaysia’s FTSE Bursa the only faller. Most Asian currencies were up against the dollar.

“It seems China’s focus is more on specific administrative controls rather than on broad-based measures,” said Shane Oliver of AMP Capital Investors. “If they’re specifically targeting sectors where there’s a problem, investors will be a little less worried that it’s going to crunch the whole economy.” Continue reading »

* Taiwan Q3 GDP growth beats forecast

* US body attacks China on economic policies

* India needs ‘quantum step’ in investment

* China drafts measures to stop rising commodity prices

* Train makers rail against China’s high-speed designs

* Markets, up Continue reading »