World markets gain on US recovery, euro...........

[maheshgupta]

World shares headed for a second week of gains and the euro its best week since early February on Friday as growing evidence of a US recovery bolstered investor appetite for riskier assets.

Europe's broad FTSEurofirst 300 index, which is on course for its fourth weekly rise, was mostly steady in early trading hovering near a 4-1/2 year peak. London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX were flat to down 0.2 per cent.

Data on US jobs, retail sales and inflation this week has convinced many investors that the recovery in the world's largest economy is gaining momentum, despite tax rises and government spending cuts.

GET ALL INDIAN STOCK MARKET UPDATES ...................... click on to STOCK TIPS INDIA and for
FREE STOCK TIPS