European stocks are up, getting a lift from the Spanish and Italian bond auctions earlier which did well with the yield lower than expected. That looks like some confidence are coming back to the eurozone although its early days yet. US futures are up as well. Now does that means we are looking at some light already. However, there's a theory about skyscrapers and the economy. The more skyscrapers you built, the more you are likely to have an economic crash. Remember Dubai and the Burj Khalifa? Now its China and India. The two countries are busy building skyscrapers at the moment. Are they facing a crash?
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