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The Europe and Central Asia region has achieved striking success in fighting poverty and food insecurity over the last ten years, with agriculture playing a key role, FAO Director-General Jacques Diouf said in his speech to the 27th FAO Regional Conference for Europe in Yerevan, Armenia.

While all attention has been focused on the European sovereign debt crisis, economic data has been in the background. Growth has continued to grind to a halt in the EU.

Europe's struggles with its debt crisis continue to pre-occupy Chinese stocks investors, while expected credit loosening in China offers a ray of hope. However, one analyst cautions that there is uncertainty surrounding Chinese economic growth.

Italy and Greece are the main focus right now on Wall Street, and each has undergone major leadership changes in hopes of expediting economic reform.

A stall in the market in general stands to mask internal opportunities as profit takers invest in other stocks. New money will come from that parked in safe havens.