China reopens only marginally lower after the new year break despite a huge miss on trade data, while Japan boosted by hopes of more stimulus measures. * EUROPE’S MARKETS FOLLOW ASIA HIGHER * EARLIER: NIKKEI UP DESPITE GDP SLUMP AND CHINA TRADE MISS * Japanese economy shrank 1.4% in Q4 % * Banks vulnerable to global shock, says economist 12.21pm GMT OVER IN GREECE AND THE COUNTRY’S BUDGET PRIMARY SURPLUS CAME IN AT €1.19BN IN JANUARY, UP FROM €443M LAST YEAR AND WELL ABOVE THE TARGET OF €307M. The figures were helped by better than expected revenues and lower than forecast outlays. 11.29am GMT The Bundesbank president Jens Weidmann may find himself in a tricky spot: #Bundesbank slashing off #German #consumer #price #inflation forecasts makes it harder for Jens Weidmann to oppose further #ECB #stimulus Continue reading...
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