Stocks up, Europe stabilizes, Japan shows growth

2011-11-14 13:59:10

UAIndex declined Friday, November 11, 2011 by -0.19% as Warsaw Stock Exchange was closed and FTSE-100 has indicated similar -0.28%
decline. Global indices and stocks of the major companies were up Friday as Greece has elected new Prime Minister (former Central Banker Lucas
Papademos), Italy was able to raise funds necessary to cover debt for the year through government bonds and has also faced government changes
with Silvio Berlusconi stepped down as a president to be replaced by economist Mario Monti. Both governments are expected to implement reforms
that would deal with current debt problems. Japan released results of its economy, which has surged 6% first time after tsunami and earthquake
hitting the country this spring