"Positive news in the form of a bigger than forecast rise in February German ZEW investor confidence helped to shore up market sentiment although perhaps the main message here is one of German outperformance rather than eurozone recovery," analysts at Credit Agricole CIB in Hong Kong said in a research note.Looking ahead, traders are concerned about political developments in Italy. An election this weekend could result in a split parliament, making it difficult for a coalition government to push through unpopular economic reforms.
Asia Stocks Up As Takeover Talk In US Drives Dow
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