Top News | Oct 20, 2014
Financial markets recover from last week's rout
International equity markets recovered from last week’s downturn, supported by economic data. In Tokyo, the Nikkei 225 gained nearly 4% as the Government Pension Investment Fund plans to increase its allocation target for local shares to about 25% from 12%. U.S. consumer confidence improved in September and housing starts rose stronger than anticipated. In Europe, stocks recovered on hopes of additonal central bank action.