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FINANCIAL MARKETS Moves on privatisation boosted both Istanbul and Athens to increases of 14.2% and 12.1% respectively in the week to April 22nd.
Chinese authorities have announced a series of changes to liberalise the country's financial markets, moves seen as also helping the yuan meet the freely usable rule.
In China as much as in America, the event was seen as of far greater importance than a mere pledge by China to reduce barriers to its markets (moves towards which had long been under way).
They laid on, apart from a few national dishes, an interesting agenda, including opening up the gas and electricity markets, moves toward a single market in financial services, and attempts to create a Europe-wide patent system.
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The markets move.
Yet the financial markets move faster.
The politicians were impressed and markets moved up a notch.
"The markets move in a rapid-fire fashion.
"When she speaks, markets move," one marveled to Bloomberg News.
"Markets move on emotion," said Richard D. Rippe, chief economist at Prudential Securities.
Instead, the markets move largely on rumors and second-guesses.
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