Risk assets pulled off a nice little rally on Thursday despite economic data that showed the U.S. economy is in worse state than previously thought. A steep downward revision to second quarter GDP, which grew only 1.3%, wasn’t enough to unsettle markets which saw China’s central bank injecting record amounts of liquidity into the system and Spain deliver a 2013 budget. After markets closed, Research in Motion pulled off an earnings and revenue beat and rallied strongly into the after-hours session.
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