By Lynn Thomasson - Nov 4, 2011 4:11 PM GMT+0700
Nov. 4 (Bloomberg) -- Amit Rajpal, a Hong Kong-based portfolio manager at Marshall Wace LLP, talks about his investment strategy for China's banks. Rajpal also discusses Europe's debt crisis and banking industry. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
European stocks pared gains as Greek Prime Minister George Papandreou faced a confidence vote and investors awaited a report that may show employment cooled in the U.S. in October. The euro fell against the dollar, gold retreated and Asian stocks rallied.
The Stoxx Europe 600 Index was little changed at 8:58 a.m. in London after earlier rising as much as 0.5 percent. The euro fell 0.2 percent to $1.3795. The MSCI Asia Pacific Index added 2.5 percent. The Standard & Poor’s 500 futures slipped 0.2 percent. South Korea’s won jumped 1.7 percent versus the dollar and Australia’s currency weakened after the central bank cut growth forecasts. Spot gold declined 0.5 percent to $1,755.15 an ounce.
To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net
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