“Both the FDIC and the institutions being tested will benefit from the forward-looking results that the stress tests will provide,” acting FDIC Chairman Martin J. Gruenberg said, according to Bloomberg Businessweek.
"Behind the strong performance lie some adept moves by Germany's exporters,” Anthony Cheung of market analysts RANsquawk told BBC News. “As their eurozone markets weakened, they have been very good at moving their focus elsewhere.”
China's manufacturing sector has been propelling the country's economic growth, and the new data comes amid fears that economic woes in Europe and the United States are hurting demand for Chinese goods.
Napolitano chose Monti after a day of discussions with top politicians, including leaders of Berlusconi’s People of Liberty party, who told him they would support a Monti government, Bloomberg News reported.