After Greece, the world markets worried about Spain, but that country has been a bit quicker in addressing the issue. World stock markets advanced Wednesday after Spain unveiled new spending cuts that helped ease worries about the continent's debt crisis. Britain's financial markets meanwhile gave a lukewarm response to the establishment of the country's first coalition government since World War II. Solid German economic growth figures - Europe's biggest economy expanded by a modestly higher than expected 0.2 percent in the first three months of the year - also helped fuel the rally, particularly in Frankfurt, where the DAX closed up 145.78 points, or 2.4 percent, at 6,183.49.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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