Thursday, June 10, 2010
By Al Yoon
NEW YORK, June 10 (Reuters) – World stocks rallied more than 1 percent on Thursday and the euro rose for a third straight day after China reported strong growth in exports and solid demand for Spanish government bonds eased European debt concerns.
“If China does not slow down then the world doesn’t slow down,” said Keith Springer, president of Springer Financial Advisors in Sacramento, California. “Everything hinges on China. If consumer spending can get to the levels where it was, then we are in a new bull market.”
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