Shares Jump on Relief after China GDP, Caution Stays

Manipulated to perfection?

TOKYO (Reuters) – Asian shares and the Australian dollar jumped on Friday after China’s second-quarter gross domestic product data landed in line with forecasts.

But market relief could be short-lived as Moody’s downgrade of Italy’s credit rating to near-junk status just ahead of a bond auction threatens to reinforce fears over Europe’s debt crisis.

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