Asia-Pacific upbeat, Europe pessimistic, U.S. in-between on outlooks
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LONDON  - A global survey of consumer confidence released Wednesday suggests European consumers are generally pessimistic about the economic outlook for the next 12 months, people in the Asia-Pacific are optimistic and Americans lie somewhere in between.
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European stock markets looked set to end the week on an upbeat note as recent falls in oil prices and positive news from US technology giant Intel lifted sentiment.
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A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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Asia's financial markets got off to a calm start to the week on Monday with investors waiting to hear from top central banks what to make of the turmoil that has kept markets on edge for weeks.
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European and Asian shares recover, with investors buoyed by a plan to stimulate the US economy.
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U.S. trade data and the White House  budget take the spotlight this week as markets digest comments  from a weekend G7 meeting and upbeat remarks on the U.S.  deficit from Federal Reserve chief Alan Greenspan.
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European stock markets steadied and U.S.  Treasuries eased on Tuesday after an unexpected upward revision  to U.S. growth showed the world's biggest economy in a slightly  more favorable light.  But European shares struggled to push on  higher and euro zone debt was supported as the euro again  flirted with $1.33, U.S. oil prices edged back toward $50 a  barrel, and after data showed European economic sentiment at a  four-month low.
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The economic outlook for the United  States and Japan weakened slightly in October, but prospects  for the Eurozone improved slightly, according to an early  warning indicator issued by OECD on Friday.
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Business & money: Markets on both sides of the Atlantic take  fright  at data showing weakness in the US and Germany.
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The chipmaker is upbeat about growth prospects in Asia, but is also watching the economic developments in the U.S.
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Asian consumers are the most optimistic in the world about their economies, led by booming China and India where over three-quarters of respondents were upbeat on the
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Asian stock markets show mixed signs of recovery, following a third day of heavy global share losses
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European markets rallied this morning and Asian indexes generally moved higher as efforts to shore up the U.S. economy helped begin to calm a volatile climate for global stocks.
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European stock markets started the week on an upbeat note as dealers responded positively to gains in New York and Asia and digested a flurry of company takeover news.
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Investors were concerned that a slowing U.S. economy could spell trouble for Asiaâs export-dependent economies.
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The news is less bleak than expected so far, but that doesn't mean things are good yet.
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Asian countries said on Monday they were in a better position now to deal with the sort of financial meltdown that crippled the region 10 years ago, but warned against complacency.